nep-pke New Economics Papers
on Post Keynesian Economics
Issue of 2006‒09‒11
three papers chosen by
Karl Petrick
Leeds Metropolitan University

  1. A Process Model of Locational Change in Entrepreneurial Firms: An Evolutionary Perspective By Stam, E.
  2. Price Rigidity and Flexibility: New Empirical Evidence By Daniel Levy
  3. The Origins of Meso Economics - Schumpeter's Legacy By Kurt Dopfer

  1. By: Stam, E. (Erasmus Research Institute of Management (ERIM), RSM Erasmus University)
    Abstract: How do changes in the spatial organization of entrepreneurial firms come about? This paper provides a conceptualisation of the process of locational change. A process model of locational change is constructed on the basis of an empirical study of 109 locational events during the life course of 25 young firms in knowledge intensive sectors (knowledge services and biomedicals). This process model of locational change maps both internal and external variation and selection processes. This model contributes to the development of a causal process theory of the spatial development of (new) firms.
    Keywords: Location;Entrepreneurial Firms;Evolutionary Theory;Decision-Making;Process Models;
    Date: 2006–03–27
  2. By: Daniel Levy
    Abstract: The marketplace, along with its price system, is the single most important institution in a western-style free enterprise economy. The ability of prices to adjust to changes in supply and demand conditions enables the market to function efficiently and lies behind the magical invisible hand mechanism. To the behaviour of prices and in particular to the ability of prices to adjust to changes in market conditions, therefore, have fundamental implications for many key issues in many areas of both microeconomics as well as macroeconomics. It is, therefore, critical to study and understand whether there are barriers to price adjustments, what are the nature of these barriers, how the barriers lead to price rigidity, what are possible implications of these rigidities, etc. This introductory essay briefly summarizes the fourteen empirical studies of price rigidity that are included in this special issue.
    Date: 2006–09
  3. By: Kurt Dopfer
    Abstract: Length 44 pages
    Date: 2006–09

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