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Cost analysis for pricing: Exploring the gap between theory and practice

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  • Lucas, Michael
  • Rafferty, James

Abstract

There has been much discussion over many years of the alleged gap between management accounting theory and practice. Whereas researchers sympathetic to neoclassical economics have sought to rationalise the gap in terms of information economics and have proposed constrained optimisation as the norm, Scapens [Scapens, R.W., 1994. Never mind the gap: towards an institutional perspective of management accounting practices. Management Accounting Research 5, 302–321.] and Ahmed and Scapens [Ahmed, M.N., Scapens, R.W., 2000. Cost allocation in Britain: towards an institutional analysis. European Accounting Review 9(2), 159–204.] have suggested that the old institutional economics framework might better explain management accounting practice.

Suggested Citation

  • Lucas, Michael & Rafferty, James, 2008. "Cost analysis for pricing: Exploring the gap between theory and practice," The British Accounting Review, Elsevier, vol. 40(2), pages 148-160.
    • Handle: RePEc:eee:bracre:v:40:y:2008:i:2:p:148-160
    DOI: 10.1016/j.bar.2007.11.002
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    References listed on IDEAS

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    1. M. N. Ahmed & R. W. Scapens, 2000. "Cost allocation in Britain: towards an institutional analysis," European Accounting Review, Taylor & Francis Journals, vol. 9(2), pages 159-204.
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    3. Shillinglaw, G, 1963. "The Concept Of Attributable Cost," Journal of Accounting Research, Wiley Blackwell, vol. 1(1), pages 73-85.
    4. Miller, Peter & O'Leary, Ted, 1987. "Accounting and the construction of the governable person," Accounting, Organizations and Society, Elsevier, vol. 12(3), pages 235-265, April.
    5. Cooper, David J. & Hayes, David & Wolf, Frank, 1981. "Accounting in organized anarchies: Understanding and designing accounting systems in ambiguous situations," Accounting, Organizations and Society, Elsevier, vol. 6(3), pages 175-191, July.
    6. G. Hodgson, 2007. "What Are Institutions?," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 8.
    7. Loft, Anne, 1986. "Towards a critical understanding of accounting: The case of cost accounting in the U.K., 1914-1925," Accounting, Organizations and Society, Elsevier, vol. 11(2), pages 137-169, March.
    8. Drury, Colin & Tayles, Mike, 2005. "Explicating the design of overhead absorption procedures in UK organizations," The British Accounting Review, Elsevier, vol. 37(1), pages 47-84.
    9. Commons, John R., 1931. "Institutional Economics," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 21, pages 648-657.
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    Cited by:

    1. Lee, Ki-Hoon & Wu, Yong, 2014. "Integrating sustainability performance measurement into logistics and supply networks: A multi-methodological approach," The British Accounting Review, Elsevier, vol. 46(4), pages 361-378.
    2. Graziano Coller, 2018. "L?eterno divario tra teoria e prassi del pricing nel Management Accounting," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2018(2), pages 11-33.
    3. Graziano Coller & Paolo Collini, 2015. "The optimality of full-cost pricing: a simulation analysis of the price-adjustment dynamics," Journal of Management Control: Zeitschrift für Planung und Unternehmenssteuerung, Springer, vol. 26(2), pages 157-191, August.

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