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dc.contributor.authorCordes, Christianen_US
dc.contributor.authorRicherson, Peter J.en_US
dc.contributor.authorMcElreath, Richarden_US
dc.contributor.authorStrimling, Pontusen_US
dc.date.accessioned2007-01-15en_US
dc.date.accessioned2010-05-14T11:16:46Z-
dc.date.available2010-05-14T11:16:46Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/31856-
dc.description.abstractThis paper relates firm size and opportunism by showing that, given certain behavioral dispositions of humans, the size of a profit-maximizing firm can be determined by cognitive aspects underlying firm-internal cultural transmission processes. We argue that what firms do better than markets – besides economizing on transaction costs – is to establish a cooperative regime among its employees that keeps in check opportunism. A model depicts the outstanding role of the entrepreneur or business leader in firm-internal socialization processes and the evolution of corporate cultures. We show that high opportunism-related costs are a reason for keeping firms’ size small.en_US
dc.language.isoengen_US
dc.publisherMax-Planck-Inst. für Ökonomik Jenaen_US
dc.relation.ispartofseriesPapers on economics and evolution 0618en_US
dc.subject.jelD21en_US
dc.subject.jelD23en_US
dc.subject.jelD01en_US
dc.subject.jelM14en_US
dc.subject.jelC61en_US
dc.subject.ddc330en_US
dc.subject.keywordTheory of the Firmen_US
dc.subject.keywordTransaction Cost Economicsen_US
dc.subject.keywordCultural Evolutionen_US
dc.subject.keywordOpportunismen_US
dc.subject.keywordCooperationen_US
dc.titleHow does opportunistic behavior influence firm size?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn522545262en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Papers on Economics and Evolution, MPI für Ökonomik

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