Carte Theory of Efficient Cooperation and Competition Lester G. Telser

Theory of Efficient Cooperation and Competition

Limbă: engleză
Legare: Copertă tare
Disponibilitate: În depozitul extern
Expediem în 9-15 zile
728.30 lei
This 1987 book looks at competition, attacking the notion that competition always leads to good resu...

Informații despre carte

Limbă
engleză
Legare
Carte - Copertă tare
Publicat
1987
Pagini
320
EAN
9780521306195
ISBN
0521306191
Enbook ID
02027256
Greutate
549
Dimensiuni
152 x 229 x 19

Descriere completă

This 1987 book looks at competition, attacking the notion that competition always leads to good results and that more competition is better. It also attacks the notion that cooperation is always harmful. An efficient economic equilibrium requires an optimal combination of both cooperation and rivalry. Telser first examines the genesis of certain late nineteenth-century laws that affected competition in the United States. Going on to give theoretical insights into cooperation and rivalry, he shows when unrestricted competition can lead to an efficient equilibrium, as well as when restrictions on competition can provide for the same. The tensions between these two forces are especially pertinent to the study of innovation - the more costly it is to protect the property rights of ideas, the greater is the reliance on secrecy, and hence, the more likely is the wasteful duplication of results.

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