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Organizing Economic Experiments: The Role of Firms

Опубликовано на портале: 06-02-2003
DRUID Working Paper. 1999.  No. 99-5.
Many economists, including Austrian economists, have argued that the market process is essentially an experimental process. Authors briefly clarify this conceptualization, and then argue that we may understand the firm in much the same light. A basic view of the firm as an experimental entity is derived, drawing on property rights insights.

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