Capability prerequisites and the competitive process

Earl, Peter E. (2006). Capability prerequisites and the competitive process.

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Title Capability prerequisites and the competitive process
Abstract/Summary It is argued that the competitive process and processes of economic development may be understood better if economists focus on the role played by barriers to substitution caused by the use of trade-off-preventing decision rules and the production processes that require specific human and physical resources. Job selection criteria embody this via 'essential' requirements, but non-negotiable requirements of workers may result in poor structural adjustment. Production systems involve prerequisites and co-requisites but though firms can trade in factor markets this does not guarantee them instant means to achieving particular performance standards that potential customers demand.
Keyword Substitution
Structural change
Resource-based view
Non-price competition
Date 2006-01-01
Research Fields, Courses and Disciplines 340207 Labour Economics
340101 Microeconomic Theory
340205 Industry Economics and Industrial Organisation
Author Earl, Peter E.
Open Access Status Other
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Created: Mon, 10 Apr 2006, 10:00:00 EST by Peter E. Earl on behalf of School of Economics