Showing 1 - 10 of 72
This paper relates firm size and opportunism by showing that, given certain behavioral dispositions of humans, the size of a profit-maximizing firm can be determined by cognitive aspects underlying firm-internal cultural transmission processes. We argue that what firms do better than markets...
Persistent link: https://www.econbiz.de/10005588050
One reason why firms exist, this paper argues, is because they are suitable organizations within which cooperative production systems based on human social predispositions can evolve. In addition, we show how an entrepreneur – given these predispositions – can shape human behavior...
Persistent link: https://www.econbiz.de/10005765357
Persistent link: https://www.econbiz.de/10005145868
Persistent link: https://www.econbiz.de/10008113186
Persistent link: https://www.econbiz.de/10008899708
Persistent link: https://www.econbiz.de/10008764317
We conducted an experiment to describe how social learners use information about the relation between payoffs and behavior. Players chose between two technologies repeatedly. Payoffs were random, but one technology was better because its expected payoff was higher. Players were divided into two...
Persistent link: https://www.econbiz.de/10005585628
Persistent link: https://www.econbiz.de/10011120811
This paper shows how cognitive human dispositions that take effect at the level of an individual firm's corporate culture have repercussions on an industry's evolution. In our theory, the latter is attributable to evolving corporate cultures coupled with changes in a firm's business environment....
Persistent link: https://www.econbiz.de/10008860849
This paper shows how cognitive human dispositions that take effect at the level of an individual firm's corporate culture have repercussions on an industry's evolution. In our theory, the latter is attributable to evolving corporate cultures coupled with changes in a firm's business environment....
Persistent link: https://www.econbiz.de/10008632867