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Monash University - Department of Economics
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Network effect of division of labor, specialization, the extent of the market, income distribution, political monopoly
Division of labor, Economies of transaction agglomeration, General equilibrium, Geographical pattern of transactions, Residential land-rents, Transaction costs, Urbanization
Bounded rationality, social experiments, fundamental, endogenous uncertainties
Walrasian sequential equilibrium, division of labour, bounded rationality, social experiments
Consumer-producer, General equilibrium, Increasing return to specialization, Large economies, Impersonal network of division of labor, Transaction cost
Inframarginal Economics, Inframarginal Analysis, Division of Labor, Specialization, Network Effects, Smithian Framework, Transaction Costs
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Inframarginal, Transaction Costs, Division of Labor
Size of the firm; Division of labor; Theory of the firm