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This 1960 paper, alongside his 1937 paper on the idea of the firm (which additionally underlines the job of exchange costs), acquired Ronald Coase the
This 1960 paper, alongside his 1937 paper on the idea of the firm (which additionally underlines the job of exchange costs), acquired Ronald Coase the 1991 Nobel Memorial Prize in Economic Sciences. In this 1960 paper, Coase contended that certifiable exchange costs are seldom adequately low to consider effective bartering and subsequently the hypothesis is quite often irrelevant to financial
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