Advanced Search
MyIDEAS: Login to save this paper or follow this series

Evolution, Economic Competence, and the Market for Corporate Control

Contents:

Author Info

  • Pelikan, Pavel

    (Research Institute of Industrial Economics (IFN))

Registered author(s):

    Abstract

    To assess the merits of the market for corporate control, this paper examines two processes which standard analysis does not study: the allocation of economic competence and the evolution of organizational structures. Economic competence is seen to be an unusual scarce resource embodied in the very ways in which individuals and organizations take economic decisions, which guides the allocation of all scarce resources, including itself. Its efficient allocation is shown to require an evolutionary trial-and-error process, where the market for corporate control plays a crucial role.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.ifn.se/wfiles/wp/wp215.pdf
    Download Restriction: no

    Bibliographic Info

    Paper provided by Research Institute of Industrial Economics in its series Working Paper Series with number 215.

    as in new window
    Length: 46 pages
    Date of creation: Aug 1989
    Date of revision:
    Handle: RePEc:hhs:iuiwop:0215

    Contact details of provider:
    Postal: Research Institute of Industrial Economics, Box 55665, SE-102 15 Stockholm, Sweden
    Phone: +46 8 665 4500
    Fax: +46 8 665 4599
    Email:
    Web page: http://www.ifn.se/
    More information through EDIRC

    Related research

    Keywords: Corporate control; evolution of organisational structures; economic competence;

    Find related papers by JEL classification:

    References

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
    as in new window
    1. Winter, Sidney G, 1971. "Satisficing, Selection, and the Innovating Remnant," The Quarterly Journal of Economics, MIT Press, vol. 85(2), pages 237-61, May.
    2. Heiner, Ronald A, 1983. "The Origin of Predictable Behavior," American Economic Review, American Economic Association, vol. 73(4), pages 560-95, September.
    3. Simon, Herbert A, 1978. "Rationality as Process and as Product of Thought," American Economic Review, American Economic Association, vol. 68(2), pages 1-16, May.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as in new window

    Cited by:
    1. Pelikan, Pavel, 1991. "Efficient Institutions for Ownership and Allocation of Capital," Working Paper Series 298, Research Institute of Industrial Economics, revised Mar 1992.
    2. Villalonga, Belen, 2000. "Privatization and efficiency: differentiating ownership effects from political, organizational, and dynamic effects," Journal of Economic Behavior & Organization, Elsevier, vol. 42(1), pages 43-74, May.
    3. Eliasson, Gunnar, 1998. "From plan to markets," Journal of Economic Behavior & Organization, Elsevier, vol. 34(1), pages 49-68, January.
    4. Pelikan, Pavel, 1989. "Markets as Instruments of Evolution of Structures," Working Paper Series 237, Research Institute of Industrial Economics.
    5. Eliasson, Gunnar, 1993. "Endogenous Economic Growth through Selection," Working Paper Series 397, Research Institute of Industrial Economics, revised Aug 1994.
    6. Pelikan, Pavel, 1999. "Institutions for the Selection of Entrepreneurs: Implications for Economic Growth and Financial Crises," Working Paper Series 510, Research Institute of Industrial Economics, revised 15 Feb 2000.
    7. Eliasson, Gunnar, 1996. "Discussion of economizing by firms: Rational economizing, but in which world?," Journal of Economic Behavior & Organization, Elsevier, vol. 29(2), pages 257-260, March.
    8. Cyert, Richard M. & Kumar, Praveen, 1996. "Economizing by firms through learning and adaptation," Journal of Economic Behavior & Organization, Elsevier, vol. 29(2), pages 211-231, March.
    9. Pelikan, Pavel, 1997. "Allocation of Economic Competence in Teams: A Comparative Institutional Analysis," Working Paper Series 480, Research Institute of Industrial Economics.
    10. Kapás, Judit, 1999. "Szükséges-e többdimenziós vállalatelmélet?. Az evolúciós vállalatelmélet kritikai összefoglalása
      [Is a multi-dimensional theory of the firm necessary?. A critical summary of the evoluti
      ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(9), pages 823-841.
    11. Pelikan, Pavel, 2006. "Markets vs. Government when Rationality Is Unequally Bounded: Some Consequences of Cognitive Inequalities for Theory and Policy," Ratio Working Papers 85, The Ratio Institute, revised 03 Sep 2006.
    12. Eliasson, Gunnar, 1992. "The Theory of the Firm and the Theory of Economic Growth: An essay on the economics of institutions, competition and the capacity of the political system to cope with unexpected change," Working Paper Series 349, Research Institute of Industrial Economics.

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:hhs:iuiwop:0215. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Elisabeth Gustafsson).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.