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Economic calculation and transaction costs: The case of the airline oversales auction system.

According to Nobel Laureate Edmund Phelps (2013, p. 123), Mises's critique of economic calculation under socialism renders him the originator of the economic analysis of property rights. This paper also suggests that implicit to Mises's impossibility theorem was also the origins of the theory of tra...

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Publicado en:Southern Economic Journal Vol. 89; no. 3; pp. 708 - 732
Autores principales: Boettke, Peter J., Candela, Rosolino A., Jacobsen, Peter J.
Formato: Artículo
Publicado: Wiley-Blackwell Jan2023
Materias:
Von Mises, Ludwig, 1881-1973
Property rights
Labor theory of value
Transaction costs
Airplane seats
Auctions
Airline industry
Acceso en línea:Ver este registro en EBSCOhost