Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
984516 | Research in Economics | 2006 | 16 Pages |
Abstract
The ensuing formalisation accounts for the often observed inability of firms that used to be highly successful with a certain technology to recognise and exploit novel, substitute technologies. Within economic theory, this formalisation may be seen as a possible micro-foundation for the beginning of recoveries in Goodwin's model of the business cycle.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Guido Fioretti,