A Theory of Efficient Cooperation and Competition

Book Name : A Theory of Efficient Cooperation and Competition

By by Lester G. Telser

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Written by : by Lester G. Telser

Subject Category : Economics

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This 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. Cambridge University Press; September 1987 ISBN 9780511870378 Read online, or download in secure PDF format Title: A Theory of Efficient Cooperation and Competition Author: Lester G. Telser Imprint: Cambridge University Press Subject categories Economics > Industries. Land use. Labor > Large industry. Factory system. Big business Business > Management Economics > Industries. Land use. Labor > Management. Industrial management Business > Economics > Theory ISBNs 051187037X 9780521306195 9780511870378

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Related subjects

Economics - Industries. Land use. Labor - Large industry. Factory system. Big business Business - Management Economics - Industries. Land use. Labor - Management. Industrial management Business - Economics - Theory

ISBN

051187037X - 9780521306195 - 9780511870378

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Imprint

Cambridge University Press