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Free enterprise --- 316 --- 330.342.14 --- Free markets --- Laissez-faire --- Markets, Free --- Private enterprise --- Economic policy --- 330.342.14 Kapitalistische economie. Free enterprise. Markteconomie. Vrije concurrentie --- Kapitalistische economie. Free enterprise. Markteconomie. Vrije concurrentie --- 316 Sociologie --(algemeen) --- Sociologie --(algemeen)

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The theory of the firm has recently undergone a dramatic transformation, drawing heavily on the pathbreaking work of Armen Alchian. This volume explores his contribution to the debate, including essays by Harold Demetz, Ben Klein, Jerry Jordan and Art Devany.

Uncertainty. --- Risk. --- Economics. --- Alchian, Armen Albert, --- Economic theory --- Political economy --- Social sciences --- Economic man --- Economics --- Uncertainty --- Probabilities --- Profit --- Risk-return relationships --- Reasoning --- Alchian, Armen A. --- Alchian, A. A. --- Alchian, Armen,

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Much recent research in the economics of information has analyzed the implications of alternative market structures in the presence of qualitative characteristics which cannot be accurately and objectively measured or described. This approach avoids the more basic question of the influence of qualitative information on the emergence of market structures. This paper argues that market structures arise which minimize total average production and information costs and that qualitative characteristics produce structures utilizing reputation.

Monopolistic competition. --- Competition, Imperfect.