Incentive-Based and Knowledge-Based Theories of the Firm: Some Recent Developments
Nicola Meccheri () and
Discussion Papers from Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy
This article presents a critical review of advances in incentive-based and knowledgebased theories of the firm. In particular, we address some developments in the incentive-based approach regarding relational contracts and contracts as "reference points". As far as the evolution of knowledge-based theories is concerned, we focus on the interesting implications of the concept of dynamic capabilities. Finally, we investigate some recent attempts to bridge these two main streams of research, which have for a long time been regarded as rival rather than complementary.
Keywords: Theory of the firm; contracts; incentives; knowledge; competencies. (search for similar items in EconPapers)
JEL-codes: D21 D23 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-bec, nep-cse and nep-knm
Note: ISSN 2039-1854
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Journal Article: Incentive-based and knowledge-based theories of the firm: some recent developments (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:pie:dsedps:2010/98
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