FRANK KNIGHT ON RISK, UNCERTAINTY, AND THE FIRM: A NEW INTERPRETATION

FRANK KNIGHT ON RISK, UNCERTAINTY, AND THE FIRM: A NEW INTERPRETATION
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弗兰克·奈特谈风险、不确定性和公司:新的解释

DOI:
10.1111/j.1465-7295.1993.tb01305.x
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发表时间:
1993
期刊:
影响因子:
1.8
通讯作者:
Metin M. Coşgel
Metin M. Coşgel
中科院分区:
经济学4区
文献类型:
--
作者:
R. Langlois;Metin M. Coşgel

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作者们试图用弗兰克·奈特自己的话来解释他。他们的结论如下:(1)奈特对风险和不确定性的区分不仅仅是对可保风险和不可保风险的区分;(2)奈特对企业存在的解释并没有简化为道德风险理论,除非是在最广泛和最不有趣的意义上;(3)奈特对所有权与控制权分离问题的处理并不像评论家们所认为的那样明显错误。版权所有1993年由牛津大学出版社。
The authors attempt to interpret Frank Knight by taking him on his own terms. Among their conclusions are the following: (1) Knight's distinction between risk and uncertainty is not solely a distinction between insurable and uninsurable risk; (2) Knight's explanation for the existence of firms does not reduce to a moral-hazard theory, except perhaps in the broadest and least-interesting sense; and (3) Knight's treatment of the problem of the separation of ownership from control is not as obviously wrong as commentators have made it out to be. Copyright 1993 by Oxford University Press.