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Adam Smith
freerider problem
game theory
Freeriding+Game Theory=Disproves Adam Smith???
I was in my "Urban Economics" class today, and my professor said that game theory disproves Adam Smith's notion that competing firms are necessarily more efficient than cooperating firms or firms that are kept from competing. He gave the example of the matrix with four possibilities. The...
Posted to
Economics Questions
(Forum)
by
Josiah Schmidt
on Mon, Sep 29 2008
Page 1 of 1 (1 items)