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Armen Albert Alchian (/ˈɑːltʃiən/;
April 12, 1914 –
February 19, 2013) was an
American economist who made
major contributions to
microeconomic theory...
- The
Alchian–Allen
effect was
described in 1964 by
Armen Alchian and
William R
Allen in the book
University Economics (now
called Exchange and Production)...
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invited economist Armen Alchian and
mathematician John
Williams to play a
hundred rounds of the game,
observing that
Alchian and
Williams often chose...
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Oliver Williamson, Dougl**** North,
Oliver Hart,
Bengt Holmström,
Arman Alchian and
Harold Demsetz expanded on Coase's work on firms,
transaction costs...
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opportunism with transaction-specific
investments (or what Klein, Crawford, and
Alchian refer to as "appropriable
quasi rents") is a
leading factor in explaining...
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undergraduate studies, two
professors had a
large influence on him:
Armen Alchian, a
professor of
economics who
became his mentor, and J. Fred Weston, a...
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rather than an
individual or communities.
American economist Armen A.
Alchian explored what
distinguishes public property from
private property, concluding...
- efficiency,
there is
organisational slack (Leibenstein's X-inefficiency).
Armen Alchian and
Harold Demsetz's
analysis of team
production extends and clarifies...
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University in St. Louis. He
previously taught at UCLA
where he held the
Armen Alchian Chair in
Economic Theory and
twice served as
chair of the department. His...
- in the long-run
firms need to earn
normal profits or they die (as
Armen Alchian once said, "This is the
criterion by
which the
economic system selects...
