Resource title

The Market Process and The Firm: - Toward a Dynamic Property Rights Perspective

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Resource description

We discuss the relations between alternative conceptualizations of the market process -neoclassical, Austrian and radical subjectivist/evolutionary - and alternative approaches toeconomic organization, for example, nexus of contract theory, Williamsonian transaction costeconomics and the dynamic transaction cost approach of Langlois and Robertson. We arguethat there is a distinct need for more firmly grounding theories of economic organization intheories of the market process, and that key ideas of the more dynamic conceptualizations ofthe market are likely to substantially enrichen the theory of economic organization.

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Kirsten Foss, Nicolai J. Foss

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Resource language

eng

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application/pdf

Resource resource URL

http://hdl.handle.net/10398/8102

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