Further Economy Stability

Doing and interpreting empirical research in order to develop research designs, which can provide a way to discuss the issues mentioned earlier, such as radical versus incremental. Having chosen a firm or industry, the researcher wants to know in which dimensions the firm ‘exit’ or had access to ‘new’ or ‘old’ activities, knowledge, and resources [...]

Technological change does not feature prominently in most analysis of the boundaries of the firm. This argument may seem puzzling in that, in neoclassical economics, the boundaries of the firm are technologically determined by the relevant production function, but the approach taken both by the neo-classicists and later writers generally ignores the effects of subsequent [...]