Many economists, including 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.The theory of the firm, Austrian economics, property rights

Kirsten Foss

Nicolai J. Foss

English

Research Papers in Economics

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Organizing Economic Experiments The Role of Firms

Organizing Economic Experiments The Role of Firms

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