Organizing Economic Experiments: Property Rights and Firm Organization
Many economists, notably Austrian economists, have argued that the market process is essentially an experimental process. We briefly try to 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. Copyright 2002 by Kluwer Academic Publishers
When requesting a correction, please mention this item's handle: RePEc:kap:revaec:v:15:y:2002:i:4:p:297-312. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla)or (Christopher F. Baum)
If references are entirely missing, you can add them using this form.