Arbeitspapier
Evolution, Economic Competence, and the Market for Corporate Control
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.
- Language
-
Englisch
- Bibliographic citation
-
Series: IUI Working Paper ; No. 215
- Classification
-
Wirtschaft
Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
Firm Organization and Market Structure
- Subject
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Corporate control
evolution of organisational structures
economic competence
- Event
-
Geistige Schöpfung
- (who)
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Pelikan, Pavel
- Event
-
Veröffentlichung
- (who)
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The Research Institute of Industrial Economics (IUI)
- (where)
-
Stockholm
- (when)
-
1989
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Pelikan, Pavel
- The Research Institute of Industrial Economics (IUI)
Time of origin
- 1989
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