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Henrik Berglund

Chalmers University of Technology

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a definition of competition

Posted By Henrik Berglund 12-06-2011 14:00
Found In Egroup: Strategic Management STR \ view thread

May I suggest a visit to economists with a more dynamic and hence rivalrous view of competition (i.e. Hayek writing in the 1940s): "competition is by its nature a dynamic process whose essential characteristics are assumed away by the assumptions underlying static analysis." http://mises.org/daily/4181 ...