It creates an uneven playing field between big and small firms.
Cities will grow when the benefits of proximity between people and firms are higher than the cost.
Divorces between young lawyers and old firms are becoming common.
Competition between firms today is concentrated on technological knowledge, information and research.
This is likely to revolutionise the relationship between consumers and firms.
A high degree of reciprocal agreements between individual firms is likely.
Such considerations also apply in international competition between large firms.
His model does not rely on any asymmetry of information between workers and firms.
There are numerous ways that information about new technology may spread between firms.
"One thing that democratic political systems cannot do well at all is to make critical choices between particular firms and industries."