Elsner, Wolfram - In: Review of Social Economy 63 (2005) 1, pp. 19-53
potential co-ordination failure, either in the form of conventional “market failure”, with a complete mutual blockage of action …, or of “wrong” co-ordination, or technological “lock-in”. Both forms are indicative of an insufficient capacity of the co …-ordinated action required. In contrast, capability of sustainable innovative action in a broad sense requires new forms of co-ordination …