Uncertainty, Learning and Error Elimination: Taiwanese Entrepreneurs in Mainland China

Fu-Lai Tony Yu
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Fu-Lai Tony Yu: Hong Kong Shue Yan University

Chapter Chapter 3 in Entrepreneurship and Taiwan's Economic Dynamics, 2012, pp 37-55 from Springer

Abstract: Abstract In Chap. 1, we have argued that entrepreneurial firms in Taiwan have transformed into regional and international coordinators. This chapter will focus on its relationship with mainland China while Chap. 4 will look into the global coordination issue. It is generally known that entrepreneurship has no role in contemporary mainstream neoclassical economics. The entrepreneur disappears completely in the neoclassical analysis where optimization technique and production functions are adopted. The entrepreneurial process in the neoclassical paradigm is simply a mechanic movement from disequilibrium to equilibrium through information searching. Learning in neoclassical economics is a static process involving known options (Boland 1982, pp. 161–163).

Keywords: Market Participant; Pearl River Delta; Incoming Event; Entrepreneurial Process; Chain Store (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-28264-5_3

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DOI: 10.1007/978-3-642-28264-5_3

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