Organizing Economic Experiments

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Organizing Economic Experiments

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Title: Organizing Economic Experiments
An Exploratory Discussion of Austrian Economics, Property Rights, and the Firm
Author: Foss, Kirsten; Foss, Nicolai J.
Abstract: Many economists, notably 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. JEL Code: D21, D23, D83
URI: http://hdl.handle.net/10398/6929
Date: 2004-03-23

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