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https://doi.org/10.1016/j.ruje.2016.04.005
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Meeting blindly… Is Austrian economics useful for dynamic capabilities theory?
[Zeitschriftenartikel]
Abstract This paper relates competition studies and views on competition policy within Austrian economics to the dynamic capabilities theory. The idea of interacting research programs in economics is used to provide the frame for reflecting on particular issues of competition, on the one hand, and (1) ignora... mehr
This paper relates competition studies and views on competition policy within Austrian economics to the dynamic capabilities theory. The idea of interacting research programs in economics is used to provide the frame for reflecting on particular issues of competition, on the one hand, and (1) ignorance, (2) knowledge (including tacit knowledge), (3) rationality, (4) equilibrium, (5) innovation, (6) entrepreneurship, and (7) monopoly, on the other hand. Unlike the majority of previous studies, these issues are discussed here mainly through the lens of new institutional economics. Williamson's three-level scheme is used to explain opportunities and constraints for mutually enriching exchange of concepts between different but close approaches in economic research. This paper shows that there are important interconnections and complementarities despite significant differences in objects of study and weak mutual flows of ideas and concepts.... weniger
Thesaurusschlagwörter
Wettbewerb; Österreich; strategisches Management
Klassifikation
Wirtschaftspolitik
Freie Schlagwörter
antitrust policy; entrepreneurship; dynamic capabilities; Austrian economics; new institutional economics; sustainable competitive advantages
Sprache Dokument
Englisch
Publikationsjahr
2016
Seitenangabe
S. 86-110
Zeitschriftentitel
Russian Journal of Economics, 2 (2016) 1
ISSN
2618-7213
Status
Veröffentlichungsversion; begutachtet
Lizenz
Creative Commons - Namensnennung, Nicht kommerz., Keine Bearbeitung 4.0