Búsqueda de LIBROS DEL AUTOR: stephan john nash

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  COST, UNCERTAINTY AND WELFARE

  STEPHAN JOHN NASH

  First published in 1998. This work contributes to the discussion of Knight by showing that uncertainty broadens the conception of economic welfare, and that a new cost analysis holds the key to unlocking the Knightian corpus. It develops Knight's suggestion that uncertainty-control costs can be reduced - arguing that the large firm enjoys economic rent from utilizing its domina...

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