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The author is Visiting Associate Professor of Economics, The University of New Mexico. I am indebted to Michael Polanyi and also acknowledge the influence of R. H. Coase, Warren Nutter, and James M. Buchanan. The analysis in this article was part of my Special Lecture, Oxford University, 20 January 1969.
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Roberts, P.C. An organizational model of the market. Public Choice 10, 81–92 (1971). https://doi.org/10.1007/BF01718623
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DOI: https://doi.org/10.1007/BF01718623