ENTREPRENEURSHIP, FIRM, COMPETITION and MARKET PROCESS
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Cite this article as follow: T. Yay, G.G. Yay and T. Aksoy (2018): "Impact of Institutions on Entrepreneurship: A Panel Data Analysis", Eurasian Economic Review, 8, 131-160. DOI 10.1007/s40822-017-0082-0
Modern Theories of the Firm
P. G. Klein (2016): Why entrepreneurs need firms, and the theory of the firm needs entrepreneurship theory.
Maria T. Brouwer Weber (2002): Schumpeter and Knight on entrepreneurship and economic development
1. Neoclassical Theory of the Firm
M. Estola (2014): The Neoclassical Theory of a Firm: Corrections for its Errors
Douglas D. Purvis (1976): The Neoclassical Theory of the Firm: A Note on the Production and Investment Decisions
Herbert A. Simon
(1906-2001)
2. Behavioral Theory of the Firm
H. A. Simon (2000): Bounded Rationality in Social Science: Today and Tomorrow
H. A. Simon (1991): Bounded Rationality and Organizational Learning
H. A. Simon (1955): A Behavioral Model of Rational Choice. QJE
J. Simonsen (1973): Herbert A. Simon: Administrative Behavior How organizations can be understood in terms of decision processes
Herbert A. Simon (1996): The Sciences of the Artificial
Herbert A. Simon (1978): Rational Decision-Making in Business Organization. Nobel Lecture.
L. Argote and h. r. Greve (2007): A Behavioral Theory of the Firm —40 Years and Counting: Introduction and Impact
B. Gibbons (2013): Cyert and March (1963) at Fifty: A Perspective from Organizational Economics
G. Gavetti and H. R. Greve (2012): The Behavioral Theory of the Firm: Assessment and Prospects
Werner Callebaut (2007): Herbert Simon’s Silent Revolution.
Nicolai J Foss (2003): Bounded rationality in the economics of organization: ‘‘Much cited and little used’’
Nicolai J Foss (2002): The Rhetorical Dimensions of Bounded Rationality: Herbert A. Simon and Organizational Economics.
Thomas Astebro, Holger Herz, Ramana Nanda, and Roberto A. Weber (2014): Seeking the Roots of Entrepreneurship: Insights from Behavioral Economics. JEP, 28(3).
3. Knowledge/Competence Theory of the Firm
Joseph A. Schumpeter
Richard N. Nelson- Sydney A. Winters
3a. Evolutionary (Capabilities) Theory of the Firm
Richard Swedberg (2007): Rebuilding Schumpeter’s Theory of Entrepreneurship
Richard Swedberg (2006): Social entrepreneurship: the view of the young Schumpeter.
Richard N. Langlois (2002): Schumpeter and the Obsolescence of the Entrepreneur
J. H. Block, C. O. Fisch & M. Praag (2017): The Schumpeterian entrepreneur: a review of the empirical evidence on the antecedents, behaviour and consequences of innovative entrepreneurship. .
M. T. Brouwer (2002): Weber, Schumpeter and Knight on entrepreneurship and economic development. J.Evol. Econ.
Richard N. Langlois (1994): Capabilities and the Theory of the Firm.
Nicolai J. Foss (1999): Capabilities and Governance: the Rebirth of Production In the Theory of Economic Organization. Kyklos.
David J. Teece (2019): A capability theory of the firm: An Economics and (Strategic) Management Perspective. New Zealand Economic Papers.
F. Rahmeyer (2006): From a Routine-Based to a Knowledge-Based View: Towards an Evolutionary Theory of the Firm.
F. Malerba & M. McKelvey (2020): Knowledge-intensive innovative entrepreneurship integrating Schumpeter, evolutionary economics, and innovation systems .
E. Lafuente, Z. J. Acs, M. Sanders & L. Szerb (2020): The global technology frontier: productivity growth and the relevance of Kirznerian and Schumpeterian entrepreneurship.
David J. Teece. Technological Change and the Nature of the Firm.
R. R. Nelson (2008): Why do firms differ and how does it matter? A Revisitation
Edith Penrose
Edith Penrose
(1914-1996)
3b. Resource-Based Theory of the Firm
M. H. Best and E. Garnsey (1999): Edith Penrose, 1914-1996
Christos Pitelis (2009): Edith Penrose’s ‘The Theory of the Growth of the Firm’ Fifty Years Later.
Nicolai J. Foss (1998): Edith Penrose and the Penrosians Or, Why There Is still so much to Learn from the Theory of the Growth of the Firm"
Yasemin Y. Korur (2000): Penrose's Resource-Based Approach: The Process and Product of Research Creativity.
Andy Lockett (2005): Edith Penrose's Legacy to the Resource-Based View
4. Contractarian Theory of the Firm
Ronald Coase
Ronald Coase
Ronald Coase
R. Coase (1937): The Nature of the Firm, Economics, November.
R. Coase (1988): The Nature of the Firm: Origin. Journal of Law, Economics, & Organization.
R. Coase (1988): The Nature of the Firm: Meaning. Journal of Law, Economics, & Organization.
R. Coase (1988): The Nature of the Firm: Influence. Journal of Law, Economics, & Organization
R. Coase (1960): The Problem of Social Cost, The Journal of Law & Economics
R. Coase (1990): Accounting the Theory of the Firm. Journal of Accounting and Economics 12.
Y. Barzel and L. A. Kochin (1992): Ronald Coase on the Nature of Social Cost as a Key to the Problem of the Firm. The Scandinavian Journal of Economicsç
B. J. Loasby (2015): Ronald Coase’s theory of the firm and the scope of economics . J. of Inst. Econ.
4a. Incomplete Contract Theory of the Firm
Oliver Williamson
Oliver Williamson
4.a.1.Transaction Cost Theory of the Firm
O. E. Williamson (1998): Transaction Cost Economics: How it works; where it is headed. De Economist, 146(1).
O. E. W. (1981): The Economics of Organization: The Transaction Cost Approach.
O. E. Williamson (2002): The Theory of the Firm as Governance Structure: From Choice to Contract. Journal of Econ. Perspective.
O. E. Williamson (1991): Strategizing, Economizing, and Economic Organization . Strategic Management Journal
O. E. Williamson (2009): Friedman (1953) and the theory of the firm
M. Dietrich, J. Krafft (2012): Economics and Theory of the Firm, Chap. 1 of the Handbook on Economics and Theory of the Firm, M. Dietrich and Jackie Krafft (eds), Edward Elgar: Cheltenham.
Oliver Hurt
Oliver Hurt
(1948 - )
4.a.2. Property Rights Theory of the Firm
Oliver Hurt (2022): The New Corporate Governance
O. Hurt 82017): Incomplete Contracts and Control. AER, 107(7)
O. Hurt (2011): Thinking about the Firm: A Review of Daniel Spulber’s The Theory of the Firm. JEL, 49(1).
O. Hurt and B. Holmstrom (2010). A Theory of Firm Scope. QJE, CXXV(2)
Oliver Hurt (2008): Economica Coase Lecture Reference Points and the Theory of the Firm. Economica, 75.
Oliver Hart and John Moore (2007): Incomplete Contracts and Ownership: Some New Thoughts
Oliver Hurt (2001): Norms and the Theory of the Firm
Oliver Hart and John Moore (1999): Foundations of Incomplete Contracts
Oliver Hurt (1998): Cooperatives vs Outside Ownership
Oliver Hurt (1999): Corporate Governance: Some Theory and Implications. Economic Journal, 105(430).
Oliver Hurt (1995): Firms, Contracts, and Financial Structure
Oliver Hurt and John Moore (1990): Property Rights and the Nature of the Firm.
Oliver Hurt (1989): An Economist's Perspective on the Theory of the Firm. Columbia Law Review, 89(7).
Oliver Hurt (1988): Incomplete Contracts and the Theory of the Firm. Journal of Law, Economics, & Organization, 4(1).
4b. Complete Contract Theory of the Firm
Armen A. Alchian
(1914-2013)
Harold Demsetz
(1930-2019)
4b.1. Nexus of Contract Agency Theory of the Firm
Armen A. Alchian and Harold Demsetz (1972): Production, Information Costs, and Economic Organization. AER 62(5).
Harold Demsetz (2009): R. H. Coase and the Neoclassical Model of the Economic System.
Eugene F. Fama (1980): Agency Problems and the Theory of the Firm. JPE, 88(2).
J. Kima, and J. T. Mahoney (2005): Property Rights Theory, Transaction Costs Theory, and Agency Theory: An Organizational Economics Approach to Strategic Management . Manage. Decis. Econ. 26.
Armen A. Alchian (1965): Some Economics About Property Rights
Harold Demsetz (1967): Toward a Theory of Property Rights. AER, 57(2).
T. W. Merrill (2002): The Demsetz Thesis and the Evolution of Property Rights
Israel Kirzner
(1930- )
Israel Kirzner & Austrian Theory of Entrepreneurship, Firm and Competitive Market Process
Driving Force of the Market (2000).
Entrepreneurial Discovery and Competitive Market Process: An Austrian Approach (1997).
Creativity and/or Alertness: A Reconsideration of the Schumpeterian Entrepreneur (1999).
How Markets Work Disequilibrium, Entrepreneurship and Discovery (2000).
R. Douhan, G. Eliasson M. Henrekson (2007): Israel M. Kirzner: An Outstanding Austrian Contributor to the Economics of Entrepreneurship.
G. E. Shockley and P. M. Frank (2011): Schumpeter, Kirzner, and the Field of Social Entrepreneurship
Richard N. Langlois (2013): The Austrian Theory of the Firm: Retrospect and Prospect.
P. Dulbecco and P. Garrauste (1999): Towards an Austrian Theory of the Firm.
William J. Baumol
(1922-2017)
William J. Baumol's and Others' Studies on Firm Theory
William J. Baumol (1968): Entrepreneurship in Economic Theory, AER
William J. Baumol (1990): Entrepreneurship: Productive, Unproductive, and Destructive .
William J. Baumol (2002): Entrepreneurship, innovation and growth: The David-Goliath symbiosis.
David S. Landes, Joel Mokyr, & William J. Baumol (2010): The Invention of Enterprise: Entrepreneurship from Ancient Mesopotamia to Modern Times
G. Eliasson and M. Henrekson (2004): William J. Baumol: An Entrepreneurial Economist on the Economics of Entrepreneurship. Small Business Economics.
M. Minniti (2016): The Foundational Contribution to Entrepreneurship Research of William J. Baumol. Strategic Entrepreneurship Journal
Peter F. Drucker (1984): Innovation and Entrepreneurship: Practice and Principles.
Francis T. Hannafey (2003): Entrepreneurship and Ethics: A Literature Review
Fritz Machlup (1967): Theories of the Firm: Marginalist, Behavioral, Managerial
Carol M. Connell (2007): Fritz Machlup's Methodology and The Theory of the Growth of the Firm.
Nicolai J. Foss (1998): The theory of the firm: an introduction to themes and contributions
Nicolai J. Foss (2005): The Theory of the Firm and Its Critics: A Stocktaking and Assessment
R. G. Holcombe (1998): Entrepreneurship and Growth.
Rolando Vaz (2021): Firm growth: A review of the empirical literature .
Tae-Hee Jo (2018): The institutionalist theory of the business enterprise: past, present, and future
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