The evolutionary theory of the firm. Routines, complexity and change.
This paper provides an overview on the evolutionary theory of the firm. The specific feature of the evolutionary approach is that it explains the adaptive behaviors of firms through the tension between innovation and selection. It is suggested that the evolutionary theory can provide a useful basis...
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| Format: | Others |
| Language: | en |
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Inst. für Volkswirtschaftstheorie und -politik, WU Vienna University of Economics and Business
2005
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| Online Access: | http://epub.wu.ac.at/1650/1/document.pdf |