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Knowledge: a Challenge for the Austrian Theory of the Firm

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Author Info
Pierre Garrouste ()

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Abstract

In this paper I argue that the unequal distribution of knowledge implies that an Austrian theory of the firm must investigate two items. The first is the growth of knowledge within the firm (learning process), the second the way in the rights to decide over the distribution of knowledge are assigned and controlled. Finally, because those two elements are interdependent, we must define what their possible relations can be.

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Publisher Info
Paper provided by ICER - International Centre for Economic Research in its series ICER Working Papers with number 26-2001.

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Length: 23 pages
Date of creation: Nov 2001
Date of revision:
Handle: RePEc:icr:wpicer:26-2001

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  1. John Conlisk, 1996. "Why Bounded Rationality?," Journal of Economic Literature, American Economic Association, vol. 34(2), pages 669-700, June. [Downloadable!] (restricted)
  2. Aghion, Philippe & Tirole, Jean, 1997. "Formal and Real Authority in Organizations," Journal of Political Economy, University of Chicago Press, vol. 105(1), pages 1-29, February.
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  3. Demsetz, Harold, 1988. "The Theory of the Firm Revisited," Journal of Law, Economics and Organization, Oxford University Press, vol. 4(1), pages 141-61, Spring.
  4. Cohen, Michael D, et al, 1996. "Routines and Other Recurring Action Patterns of Organizations: Contemporary Research Issues," Industrial and Corporate Change, Oxford University Press, vol. 5(3), pages 653-98.
  5. Michael D. Cohen & Roger Burkhart & Giovanni Dosi & Massimo Egidi & Luigi Marengo & Massimo Warglien & Sidney Winter & with comments by Benjamin Coriat, 1995. "Routines and Other Recurring Action Patterns of Organizations: Contemporary Research Issues," Working Papers 95-11-101, Santa Fe Institute.
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This page was last updated on 2009-11-18.


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