The Cost Problem According to Standard Theory - A Critical Note

This paper examines and criticizes the standard theoretical basis for the argument that a cost-oriented government policy is necessary if a country with a high-cost problem is to improve its competitive powers. According to theory, a firm can only deal with a long-term high-cost problem by increasin...

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Bibliographic Details
Main Authors: Jan-Evert Nilsson, Kjell Kalgraf
Format: Article
Language:English
Published: Norwegian Society of Automatic Control 1982-01-01
Series:Modeling, Identification and Control
Subjects:
Online Access:http://www.mic-journal.no/PDF/1982/MIC-1982-1-5.pdf