Browsing by Author "B. Richardson, George"
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B. Richardson, George (Oxford, 1996)[More information][Less information]
Abstract: This paper concerns the operation of competition in the presence of a high rate of innovation and increasing returns. Given free competition there is likely to exist, in this case, a tendency towards what may be called ‘dynamic equilibrium’, a tendency, that is to say, for the rate of investment in product development to rise or fall towards the level at which this investment yields only a normal return. Thus, competition, increasing returns and innovation may co-exist. URI: http://hdl.handle.net/10398/8123 Files in this item: 1
8778730104.pdf (84.04Kb) -
B. Richardson, George (Oxford, 1997)[More information][Less information]
Abstract: This paper focuses on three related matters. It analyses the process of competition in the software industry, this being important both in itself and for the light it throws on competition within all industries characterised by low or zero marginal costs and a high rate of technical development. The software industry, operating under private enterprise, is dependent on copyright, and the issues raised by intellectual property protection are therefore also considered. Given the need for inter-operability between different software products, and between these and associated hardware, standardisation is important within the industry, and the processes by which standards may be established are evaluated. Consideration is given to the public policy issues that are raised by these three topics. URI: http://hdl.handle.net/10398/8115 Files in this item: 1
8778730236.pdf (130.7Kb) -
B. Richardson, George (københavn, 1998)[More information][Less information]
Abstract: Firms do not exist because of the cost of using the price mechanism, but because they enable actions to be carried out concurrently in conformity with a particular design. This concurrent coordination, which production requires, is distinct from the evolutionary coordination, which is the unintended consequence of market transactions. The two processes are alternatives only to a limited extent. Evolutionary adjustment cannot bring about concurrent coordination, and irreducible uncertainty limits the scope of the planning which does. URI: http://hdl.handle.net/10398/8095 Files in this item: 1
x64495316x.pdf (47.23Kb)
Now showing items 1-3 of 3