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Cited by 362

The DOI matches its Crossref record; 3 of the 3 references it cites were found in a registry or an index.

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

Langlois, Richard N., Cosgel, Metin M.·1993·Economic Inquiry
DOI 10.1111/j.1465-7295.1993.tb01305.x
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Abstract

We attempt to interpret Frank Knight by taking him on his own terms. Among our 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.

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Metadata

Authors
Langlois, R. N., & Cosgel, M. M.
Venue
Economic Inquiry
Publisher
Wiley
Published
1993-07
Volume
31
Issue
3
Pages
456-465
ISSN
  • 0043-3640 (ISSN-L)
  • 0095-2583
  • 1465-7295
DOI
10.1111/j.1465-7295.1993.tb01305.x
OpenAlex
W2099822658
Cited by
362
References
3
FWCI
17.68
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: FRANK KNIGHT ON RISK, UNCERTAINTY, AND THE FIRM: A NEW INTERPRETATION. https://app.cochat.ai/papers/10.1111/j.1465-7295.1993.tb01305.x
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Langlois, R. N., & Cosgel, M. M. (1993). FRANK KNIGHT ON RISK, UNCERTAINTY, AND THE FIRM: A NEW INTERPRETATION. Economic Inquiry. https://doi.org/10.1111/j.1465-7295.1993.tb01305.x

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