A Theory of Efficient Cooperation and Competition
By (author) Lester G. Telser
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Theory of Efficient Cooperation and Competition by Lester G. Telser
Book DescriptionThis 1987 book looks at competition, attacking the notion that competition always leads to good results and that more competition is better. It also attacks the notion that cooperation is always harmful. An efficient economic equilibrium requires an optimal combination of both cooperation and rivalry. Telser first examines the genesis of certain late nineteenth-century laws that affected competition in the United States. Going on to give theoretical insights into cooperation and rivalry, he shows when unrestricted competition can lead to an efficient equilibrium, as well as when restrictions on competition can provide for the same. The tensions between these two forces are especially pertinent to the study of innovation - the more costly it is to protect the property rights of ideas, the greater is the reliance on secrecy, and hence, the more likely is the wasteful duplication of results.
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Book DetailsISBN: 9780521022200
(228mm x 152mm x 18mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 10-Nov-2005
Country of Publication: United Kingdom
Books By Author Lester G. Telser
Theory of Efficient Cooperation and Competition, Hardback (September 1987)» View all books by Lester G. Telser
This 1987 book looks at the process of competition.
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