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The evolutionary theory of the firm. Routines, complexity and change.

Hölzl, Werner (2005) The evolutionary theory of the firm. Routines, complexity and change. Working Papers Series "Growth and Employment in Europe: Sustainability and Competitiveness", 46. Inst. für Volkswirtschaftstheorie und -politik, WU Vienna University of Economics and Business, Vienna.

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Abstract

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 for a theory of the firm which is concerned with change over time and development. (author's abstract)

Item Type: Paper
Keywords: evolutionary theory of the firm / routines / complex systems theory / change of routines
Divisions: Departments > Volkswirtschaft
Depositing User: Repository Administrator
Date Deposited: 01 Mar 2005 17:44
Last Modified: 15 Jul 2015 05:06
URI: http://epub.wu.ac.at/id/eprint/1650

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