Abstract
The central feature of the ‘industrial district’ is the balance between competition and co-operation among firms. This paper addresses the role of competition and co-operation in the organization of economic activity. We first compare Alfred Marshall's notion of industrial district and that of contemporary writers. We then discuss the limits of competition in the presence of such problems as asset specificity, measurement problems and externalities. We argue that under such circumstances industrial success depends on the effectiveness of collective institution-mediated co-operation. We further discuss various factors that might foster for hinder development of such institutions.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
