Incentive-Based and Knowledge-Based Theories of the Firm: Some Recent Developments

Nicola Meccheri () and Mario Morroni

Discussion Papers from Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy

Abstract: 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)
Date: 2010-01-18
New Economics Papers: this item is included in nep-bec, nep-cse and nep-knm
Note: ISSN 2039-1854
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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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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