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Conventional economic theories assume that competing firms act independently. This theoretical assumption is applied to economic policies and anti-trust legislation. In contrast, economic sociology describes competition as a special type of social action that is oriented towards others. More specifically, to remain in the market, competing firms monitor one another and cooperate by establishing inter-organisational...
The basic premise of the paper is that the study of formal and informal processes has moved beyond the formality-informality debate. Forms which may be termed as hybrid formalities and hybrid informalities are more and more often encountered in the literature. However, these hybrid types are pretty much under construction, and they occur in a rather disparate manner. So that, there is need of a systematic...
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