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The competitive selection of democratic firms in a world of self-sustaining institutions

by Pagano, Ugo
Authors: Rowthorn , Robert Series: Working paper series ESRC Centre for Business Research . 15 Published by : University of Cambridge | ESRC Centre for Business Research (Cambridge ) Physical details: pag. var. Subject(s): Economia do conhecimento | Mudança tecnológica | Direitos de propriedade | Modelos matemáticos Year: 1996
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Item type Location Call number Copy Status Date due
Documento de trabalho Documento de trabalho Instituto Superior de Economia e Gestão
ISEG (iseg)
Serial 168//15 (Browse shelf) 1 Sem empréstimo

Uses a simple mathematical model to explore the relationship between property rights and technology. The paper argues that causation flows in both directions, showing how this could explain the persistence of inefficient productive arrangements. Parallels are drawn with the biological theory of speciation.

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