Edited by Claude Ménard and Elodie Bertrand
Chapter 4: Coase’s theory of the firm: the next steps
4 Coase’s theory of the firm: the next steps Kenneth J. Arrow 1. INTRODUCTION Ronald Coase’s (1937) treatment of the theory of the firm was a clear reconsideration of an emerging literature on the efficiency of the price system, which had been giv...
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