Why shirking is basically free-rider problem

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Reference no: EM132140014

1. Is it necessary for there to be physical asset specificity for Klein-Crawford-Alchian’s story to work?

2. Provide a simple example of why shirking is basically a free-rider problem.

3. Why is Alchian and Demsetz’s information cost theory of the firm often viewed as a property rights theory of the firm?

Reference no: EM132140014

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