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Titlebook: Applied Industrial Organization; Towards a Theory-Bas Karl Aiginger,Jorg Finsinger Book 1994 Springer Science+Business Media B.V. 1994 comp

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he process by which profitability and growth are generated differs noticeably between the two types of firms. Perhaps the clearest of these differences is that innovating firms seem to be much less sensitive to cyclical shocks than non-innovating firms are.
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The Indicator of Growth Theorem, more asymmetric (symmetric) the interfirm transactions are Finally, this result was compared with the Williamsonian governance structure approach which overestimates the likelihood of the evolution of the vertically integrated firm, because Williamson does not differentiate between symmetric and asymmetric specific transactions.
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Innovation, Profitability and Growth Over the Business Cyclehe process by which profitability and growth are generated differs noticeably between the two types of firms. Perhaps the clearest of these differences is that innovating firms seem to be much less sensitive to cyclical shocks than non-innovating firms are.
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New Experiments in Industrial Organisationg rather than theory-testing, and ones that are more ill-defined than those carried out to date. There is a need to shed some light on how people tackle extremely complicated ill-defined problems as opposed to experiments confined to testing well-defined theories of simple problems with complicated solutions.
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