POLSCI 2H03 Lecture Notes - Lecture 7: Divvy, Oligopoly, Opportunism
6 Apr 2016
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One interpretaion is that the market interacts w/ global forces o. Recurring theme (thinks important in understand globalizaion causes. Vernon - patern produced in ny & london, then in other locaions. Launching new prod downtown ny, close area well recognized means people close together, easier f2f interacions, trust, subtlety of ideas o. Further along in the cycle there are standard procedures that can be used and manage. Pushing out higher cost producers eliminates deiciently and drive towards expansion. One side of exchange knows more than the other side. Owners push wages down, seek monopolies or oligopolies o. Pop in interwar period w/ japan and germany main users. Us ani-trust law a type of enforcement against this. Any ime you see --- means that there is informaion missing. Admin b/c biz ex/ gov"n incld vs administraive / administraion because business example government include(s) versus.
