81c414ba81 Supp. Therefore, the heterogeneity issue can never move out of the field of view.Some of those firms that have started offering modified supplies may realize extra revenues immediately, while others may follow at later points in time, because the characteristics of their respective innovation may require some time of diffusion or maturation. These products have left their experimental stage and have moved on to the expansionary phase of the product cycle. 1993. Editorial. Business Cycles: A Theoretical, Historical, and Statistical Analysis of the Capitalist Process. How the phase diagram has to be read economically will be worked out in detail in the following section. .. Because A represents the middle of the downswing, there are many corporations which have already been hit by the early recession.
1982. Therefore, the variables to be selected for the model should reflect the firms’ market operations as well as their market revenues. These impede imitative entry by smaller rivals and the market matures to an oligopolistic structure. Seidl, ed. After publication of Business Cycles, Schumpeter continued to stress the advantages that might arise from cooperation between economic historians and theoreticians. “Hultgren’s Cyclical Microdiversity Patterns: A Neglected Class of Stylized Business Cycle Facts.” Jena: Forthcoming.———. Occasional Paper 32.
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