Knowledge: a challenge for the Austrian theory of the firm
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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|Date of creation:||2002|
|Publication status:||Published in N.J. Foss and P.G. Klein. Entrepreneurship and the Firm: Austrian Perspectives on Economic Organization, Edward Elgar, pp.xx-xx, 2002|
|Note:||View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-00274517|
|Contact details of provider:|| Web page: https://hal.archives-ouvertes.fr/|
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- 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.
- Demsetz, Harold, 1988. "The Theory of the Firm Revisited," Journal of Law, Economics and Organization, Oxford University Press, vol. 4(1), pages 141-161, Spring.
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- John Conlisk, 1996. "Why Bounded Rationality?," Journal of Economic Literature, American Economic Association, vol. 34(2), pages 669-700, June.
- Patrick Cohendet & Patrick Llerena, 1999. "La conception de la firme comme processeur de connaissances," Revue d'Économie Industrielle, Programme National Persée, vol. 88(1), pages 211-235. Full references (including those not matched with items on IDEAS)
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