Tag Archives | complexity

Review – Competition, Diversity and Economic Performance: Processes, Complexities and Ecological Similarities

Mainstream microeconomics has emphasized the search for perfectly competitive markets within a framework of equilibria in a quest to maximize economic efficiency. Tisdell argues that intense competition can reduce economic performance. He concentrates on market adjustments and the evolution of economic systems where the role of diversity, product niches, cooperation between firms and comparisons with […]

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