Organizational or Frictional Equilibria, X-Efficiency, and the Rate of Innovation
- 1 November 1969
- journal article
- Published by Oxford University Press (OUP) in The Quarterly Journal of Economics
- Vol. 83 (4) , 600-623
- https://doi.org/10.2307/1885452
Abstract
I. Introduction, 600. — II. Utility-effort relations, 601. — III. The theory of inert areas, 606. — IV. Inert areas and the inducement of change, 612. — V. The innovational-diffusion model, 617. — VI. Conclusions, 620.Keywords
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