by József Tóth The coordination plays central role in the economics. The conventional economic theory looks at the market and enterprise (or hierarchy) as two different, separated manner of coordination of economic goods and services. However the modern organization theory, price theory and institutional economics show that different types (not only…
UNDERSTANDING THE DEMAND SIDE AND COORDINATING THE SUPPLY SIDE FOR CONNECTED GOODS AND SERVICES
by Gro Ladegård & Eirik Romstad This paper addresses the coordination and innovation issues needed for promoting value added at the rural and regional level. There are two sides to value added: the ability to meet consumer demand, and to identify least cost ways of supplying the demanded goods. Human and…