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Armen A. Alchian
Researcher at University of California, Los Angeles
Publications - 40
Citations - 31595
Armen A. Alchian is an academic researcher from University of California, Los Angeles. The author has contributed to research in topics: Property rights & Inflation. The author has an hindex of 24, co-authored 40 publications receiving 31043 citations.
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Production, Information Costs, and Economic Organization
Armen A. Alchian,Harold Demsetz +1 more
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Production, information costs, and economic organization
Armen A. Alchian,Harold Demsetz +1 more
TL;DR: In this paper, the authors present a set of reprint articles for which IEEE does not hold copyright. Full text is not available on IEEE Xplore for these articles, but full text can be found on the Internet Archive.
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Vertical Integration, Appropriable Rents, and the Competitive Contracting Process
TL;DR: In this paper, the potential of post-contractural apportunistic behavior for improving market efficiency through intra-firm rather than interfirm transactions is examined under the assumption that vertical costs will increase less than contracting costs as specialized assets and appropriable quasi rents increase.
Journal ArticleDOI
Uncertainty, Evolution, and Economic Theory
TL;DR: In this article, a modification of economic analysis to incorporate incomplete information and uncertain foresight as axioms is suggested, which embodies the principles of biological evolution and natural selection by interpreting the economic system as an adoptive mechanism which chooses among exploratory actions generated by the adaptive pursuit of "success" or "profit".
Journal ArticleDOI
The Property Right Paradigm
Armen A. Alchian,Harold Demsetz +1 more
TL;DR: The authors view a social system as relying on techniques, rules, or customs to resolve conflicts that arise in the use of scarce resources rather than imagining that societies specify the particular uses to which resources will be put.