Production, Information Costs, and Economic Organization

  title={Production, Information Costs, and Economic Organization},
  author={Armen Albert Alchian and Harold Demsetz},
  journal={IEEE Engineering Management Review},
This publication contains reprint articles for which IEEE does not hold copyright. Full text is not available on IEEE Xplore for these articles. 
Transaction Cost Economics - an Introduction to its Core Concepts and its Critics
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In the short run the structural proportions and the scale of an organization are given. They may have been frozen by technical conditions (often appearing in the form of) or social conventions. In
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Information, Expectations and the Theory of the Firm
I. The price system and the firm, 399. — II. The control of information, 402. — III. Information and expectations, 405. — IV. The division of knowledge, 411. — V. The firm's decision mechanism, 417.
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Most larger companies, and many smaller ones, attempt to plan carefully and completely. Important transactions not in the ordinary course of business are handled by a detailed contract. For example,
Nonpecuniary Rewards and the Aggregate Production Function
T has long been recognized that the provision of nonpecuniary rewards to a factor of production creates a corresponding reduction in the observed market price of the factor. But the effect of the
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In Risk, Uncertainty and Profit, Frank Knight explored the riddle of profitability in a competitive market profit should not be possible under competitive conditions, as the entry of new
The Theory oj Share Tenancy
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