Electronic Resource
Springer
De economist
119 (1971), S. 182-205
ISSN:
1572-9982
Source:
Springer Online Journal Archives 1860-2000
Topics:
Economics
Notes:
Summary The introduction of expectations in market theory has increased its dynamic nature and realism. It is argued that only the incorporation of historical time in the theory will suggest the market development patterns needed by analysts. Dynamic market theory can usefully be based on the development stages of the product cycle. The scope of such a theory is much wider than is currently acknowledged. It comprises entrepreneurial theory, the theory of profits, competition and industrial change, and provides the building blocks of a theory of international business. The application of methods of analysis in the various stages of market development is mentioned.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1007/BF01784686
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