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Theories of the Firm: Contractual and Competence Perspectives

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Author Info
Foss, Nicolai Juul

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Abstract

The article compares alternative approaches to the theory of the firm. The two main approaches confronted are the contractual (Coasian) perspective and the competence (evolutionary) perspective. Whereas, the firma as a repository of tacit knowledge is neglected in the contractual perspectives, it occupies center stage in the competence perspective. It is argued that the competence perspective is not only applicable an understanding of the sources of firms' competitive advantage, but may also be applied to the issues of the existence and the boundaries, of the firm. This means that a distinct theory of the firm can be constructed on the basis of evolutionary theory.

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Publisher Info
Article provided by Springer in its journal Journal of Evolutionary Economics.

Volume (Year): 3 (1993)
Issue (Month): 2 (May)
Pages: 127-44
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Handle: RePEc:spr:joevec:v:3:y:1993:i:2:p:127-44

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  1. Alberto Battistini, 2008. "Micro-Founded Institutions and Macro-Founded Individuals: The Dual Nature of Profit," Department of Economics University of Siena 550, Department of Economics, University of Siena. [Downloadable!]
  2. Maze, Armelle, 2002. "Learning Process and Contract Adaptation with Quality Uncertainty: Some Paradoxes in Retailer-Producer Relationships," 2002 International Congress, August 28-31, 2002, Zaragoza, Spain 24957, European Association of Agricultural Economists. [Downloadable!]
  3. Kirsten Foss & Nicolai J. Foss & Peter G. Klein, 2006. "Original and Derived Judgment An Entrepreneurial Theory of Economic Organization," DRUID Working Papers 06-09, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies. [Downloadable!]
  4. Nicolai J. Foss, . "Edith Penrose and the Penrosians - or, why there is still so much to learn from The Theory of the Growth of the Firm," IVS/CBS Working Papers 98-1, Department of Industrial Economics and Strategy, Copenhagen Business School. [Downloadable!]
  5. Jeroen C.J.M. van den Bergh & Ada Ferrer-I-Carbonell & Guiseppe Munda, 1998. "Models of Individual Behavior and Implications for Environmental Policy," Tinbergen Institute Discussion Papers 98-121/3, Tinbergen Institute. [Downloadable!]
  6. Nicolai J. Foss, . "Austrian Economics and the Theory of the Firm," IVS/CBS Working Papers 97-3, Department of Industrial Economics and Strategy, Copenhagen Business School. [Downloadable!]
  7. Vladislav Valentinov, 2007. "The Property Rights Approach to Nonprofit Organization: The Role of Intrinsic Motivation," Public Organization Review, Springer, vol. 7(1), pages 41-55, March. [Downloadable!] (restricted)
  8. Giovanni Dosi & Mike Hobday & Luigi Marengo & Andrea Prencipe, 2002. "The Economics Of System Integration: Toward An Evolutionary Interpretation," LEM Papers Series 2002/16, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy. [Downloadable!]
  9. Nicolai J. Foss, . "Real Options and the Theory of the Firm," IVS/CBS Working Papers 98-3, Department of Industrial Economics and Strategy, Copenhagen Business School. [Downloadable!]
  10. Richard N. Langlois & Nicolai J. Foss, 1996. "Capabilities and Governance the Rebirth of Production in the Theory of Economic Organization," Working papers 1996-02, University of Connecticut, Department of Economics. [Downloadable!]
    Other versions:
  11. Edward Lorenz, 1999. "Organisational Innovation, Governance Structure and Innovative Capacity In British and French Industry," DRUID Working Papers 99-1, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies. [Downloadable!]
  12. Nicolai J. Foss & Peter G. Klein, 2004. "Entrepreneurshoip and the Economic Theory of the Firm Any Gains from Trade?," DRUID Working Papers 04-12, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies. [Downloadable!]
  13. Nicolai J. Foss, 1996. "Capabilities and the Theory of the Firm," DRUID Working Papers 96-8, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies. [Downloadable!]
  14. Adrian Bridge & Clem Tisdell, 2006. "The determinants of the vertical boundaries of the construction firm: response," Construction Management & Economics, Taylor and Francis Journals, vol. 24(3), pages 233-236, March. [Downloadable!] (restricted)
  15. Fritz Rahmeyer, 2006. "From a Routine-Based to a Knowledge-Based View: Towards an Evolutionary Theory of the Firm," Discussion Paper Series 283, Universitaet Augsburg, Institute for Economics. [Downloadable!]
  16. Nicolai J. Foss, . "The Boundary School," IVS/CBS Working Papers 97-5, Department of Industrial Economics and Strategy, Copenhagen Business School. [Downloadable!]
  17. John H. Finch, 1998. "The Re-employment Experiences of Former Aerospace Employees Within a Local Economy," Regional Studies, Taylor and Francis Journals, vol. 32(5), pages 421-433, July. [Downloadable!] (restricted)
  18. Nicolai J. Foss, 1999. "Understanding Leadership A Coordination Theory," DRUID Working Papers 99-3, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies. [Downloadable!]
  19. Nathalie Lazaric & Luigi Marengo, 1997. "Towards a Characterisation of Assets and Knowledge Created in Technological Agreements Some Evidence from the Automobile-Robotics Sector," DRUID Working Papers 97-8, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies. [Downloadable!]
    Other versions:
  20. Nicolai J. Foss, 1996. "Austrian and Post-Marshallian EconomicsThe Bridging Work of George Richardson," DRUID Working Papers 96-4, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies. [Downloadable!]
  21. Thomas Grebel & Andreas Pyka & Horst Hanusch, 2001. "An Evolutionary Approach to the Theory of Entrepreneurship," Discussion Paper Series 206, Universitaet Augsburg, Institute for Economics. [Downloadable!]
  22. Afonso Rodríguez, J. A. & Bruno Pérez, N. A. & J.Giner Rubio, 2004. "Un análisis univariante y multivariante de la diversificación de carteras bajo heterocedasticidad condicionada/Univariate and Multivariate Analysis of The Diversification of Portfolios Under Conditi," Estudios de Economía Aplicada, Estudios de Economía Aplicada, vol. 22, pages 375 (25 p, Agosto. [Downloadable!] (restricted)
  23. Nicolai Foss, . "Market Process Economics and the Theory of the Firm," IVS/CBS Working Papers 98-6, Department of Industrial Economics and Strategy, Copenhagen Business School. [Downloadable!]
  24. Fikret Adaman & Pat Devine, 2002. "A Reconsideration of the Theory of Entrepreneurship: a participatory approach," Review of Political Economy, Taylor and Francis Journals, vol. 14(3), pages 329-355, July. [Downloadable!] (restricted)
  25. Nicolai J. Foss, 1999. "Capabilities, Confusion, and the Costs of Coordination On Some Problems in Recent Research On Inter-Firm Relations," DRUID Working Papers 99-7, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies. [Downloadable!]
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