Von der Markttheorie zur Empirie längerfristigen Märktewandels

Lambert T. Koch

Working Paper Series B from Friedrich Schiller University of Jena, School of of Economics and Business Administration

Abstract: This paper forges links between a dynamic theory of markets and the reality of long term market changes. Goods are seen as being linked to the range of actions which they make possible. Thus it can be shown that the evolution of markets is closely connected with changing knowledge and property rights. The internationalization of markets as a consequence of declining costs of transportation and communication is also dependent on this socioeconomic coevolution. This is illustrated by an examination of the market changes which have occured from the era of Industrial Revolution to the globalized markets of the present day.

Keywords: Economic Development; Innovation; Knowledge; Market Structure; Property Rights; Technological Change (search for similar items in EconPapers)
JEL-codes: D49 F19 O31 (search for similar items in EconPapers)
Date: 1997-02-01
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Persistent link: https://EconPapers.repec.org/RePEc:jen:jenavo:1997-02

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