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Social capital in cooperatives: An evolutionary Luhmannian perspective
Valentinov, Vladislav; Iliopoulos, Constantine - In: Journal of Evolutionary Economics 31 (2021) 4, pp. 1317-1331
literature to make the case for the tendency of social capital resources of agricultural cooperatives in the Western world to …-making calculus. Cooperatives are shown to present one of the channels through which this codification may be possible; namely, the … codification effect of cooperatives enables the incorporation of a multitude of mutual self-help activities into the economic …
Persistent link: https://www.econbiz.de/10012652937
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System or process? A meta-theoretical reflection on the nature of the firm
Valentinov, Vladislav - In: Systemic Practice and Action Research 35 (2022) 1, pp. 1-14
The paper revisits the fundamental question of the nature of the firm by contrasting two philosophic worldviews suggested by process philosophy and the Luhmannian systems theory. Whereas the former worldview takes reality to be internally related, the latter ones underscores the tendency of...
Persistent link: https://www.econbiz.de/10012888316
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Externalities, communication and the allocation of decision rights
Bester, Helmut - 2005
This paper views authority as the right to undertake decisions that impose externalities on other members of the organization. When only decision rights can be contractually assigned to one of the organization's stakeholders, the optimal assignment minimizes the resulting inefficiencies by...
Persistent link: https://www.econbiz.de/10010299085
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Is More Entrepreneurship better?
Koellinger, Philipp; Roessler, Christian - 2009
We develop a new perspective on the boundary of the firm that is consistent with the empirical observation that the share of entrepreneurs first decreases and then increases in the course of economic development. Existing theory based on transaction costs is difficult to relate to these...
Persistent link: https://www.econbiz.de/10010325799
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Division of labor, organizational coordination and markt mechanism in collective problem-solving
Marengo, Luigi; Dosi, Giovanni - 2003
This paper builds upon a view of economic system and individual economic organization as problem-solving arrangements and presents a simple model of adaptive problem-solving driven by trial-and-error and collective selection. The institutional structure, and in particular its degree of...
Persistent link: https://www.econbiz.de/10010328616
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Toward a neo-Schumpeterian theory of the firm
Winter, Sidney G. - 2004
This paper offers a sketch of what an economic theory of the firm would look like if it were founded on the thought of Joseph Schumpeter, particularly on Chapters 1-2 of his Theory of Economic Development. Schumpeterian analysis requires an intuitively appealing and realistic conceptualization...
Persistent link: https://www.econbiz.de/10010331098
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Use and Abuse of Authority
Bartling, Björn; Fehr, Ernst; Schmidt, Klaus M. - 2012
Employment contracts give a principal the authority to decide flexibly which task his agent should execute. However, there is a tradeoff, first pointed out by Simon (1951), between flexibility and employer moral hazard. An employment contract allows the principal to adjust the task quickly to...
Persistent link: https://www.econbiz.de/10010333940
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Voluntary environmental agreements and competition policy: The case of Germany's private system for packaging waste recycling
Lehmann, Markus A. - 2000
The paper takes the viewpoint of the neoinstitutional theory of the firm to analyse Germany's voluntary Dual Management System for Packaging Waste Collection and Recycling (DSD); namely, its governance structure and its contractual relations with upstream and downstream firms. Two aspects...
Persistent link: https://www.econbiz.de/10011608641
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Consistency in Organization
Schlicht, Ekkehart - 2003
Recent thinking has emphasized the importance of consistency in a firm?s compensation policy. By starting from Williamson?s ideas about idiosyncratic exchange, this view can be supplied with some theoretical foundation. At the same time, the consistency view can be applied to a number of...
Persistent link: https://www.econbiz.de/10010261986
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Cournot Competition between Teams: An Experimental Study
Schipper, Burkhard C.; Raab, Philippe - 2004
In the economic literature on market competition, firms are often modeled as single decision makers and the internal organization of the firm is neglected (unitary player assumption). However, as the literature on strategic delegation suggests, one can not generally expect that the behavior of...
Persistent link: https://www.econbiz.de/10010263110