Walter Oi, 1929-2013 | Organizations and Markets

Walter Oi, 1929-2013

28 December 2013 at 6:40 am Nicolai Foss 1 comment

| Nicolai Foss |

Walter Oi died December 24. Oi was famous for two things, namely for being a highly active academic in spite of being totally blind (after 1956), and for estimating the social costs of the draft (here). However, he contributed to many areas of applied price theory in a highly original fashion. Of possibly particular interest to strategic management scholars is his 1983 paper on how heterogeneous “entrepreneurial ability” and differential monitoring constrains the size, product offerings and organization of firms in equilibrium. Here is Steve Landsburg’s long, detailed and moving obituary for Oi.

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1 Comment Add your own

1. Peter Klein | 28 December 2013 at 8:46 am

David Henderson also has a nice tribute here: http://econlog.econlib.org/archives/2013/12/walter_oi_rip.html

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