Asymmetric Markets and the Evolution of the Division of Labor

Carl Christian Weizsäcker ()
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Carl Christian Weizsäcker: Max Planck Institute for Research on Collective Goods

A chapter in The Two Sides of Innovation, 2013, pp 283-290 from Springer

Abstract: Abstract In a framework of generalized Darwinism (selection, variation, replication), freedom of choice by the individual is an important ingredient with respect to all three criteria. Such an evolutionary economic system rests on market asymmetry, where the supply side consists of firms that compete and the demand side consists of individuals or firms that choose without being under competitive pressure.

Keywords: Demand Side; Production Sector; Important Ingredient; Selling Effort; Relevant Market (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:eccchp:978-3-319-01496-8_14

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DOI: 10.1007/978-3-319-01496-8_14

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