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Arrow (1959) - Economic Welfare And The Allocation Of Resources For Invention (view source)
Revision as of 19:14, 29 September 2020
, 19:14, 29 September 2020no edit summary
{{Article
|Has page=Arrow (1959) - Economic Welfare And The Allocation Of Resources For Invention
|Has bibtex key=
|Has article title=Economic Welfare And The Allocation Of Resources For Invention
|Has author=Arrow
|Has year=1959
|In journal=
|In volume=
|In number=
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*This page is referenced in [[BPP Field Exam Papers]]
*Arrow, K.J. (1958), "Economic Welfare and the Allocation of Resources for Innovation" in idem., Essays in the Theory of Risk Bearing. [http://www.edegan.com/pdfs/Arrow%20(1959)%20-%20Economic%20Welfare%20and%20the%20Allocation%20of%20Resources%20for%20Invention.pdf pdf]
@misc{arrow1958economic,
title={Economic welfare and the allocation of resources for invention},
author={Arrow, K.},
year={1958},
publisher={Nber}
}
==Abstract==
and decide whether or not to buy it. Once the customer has this detailed knowledge, however,
the seller has in effect transferred the technology to the customer without any compensation."
Sourced from wikipedia, June 2010
Both properties will lead to non-optimal purchase of information and non-optimal allocation.
