Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/31850 
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dc.contributor.authorWitt, Ulrichen
dc.date.accessioned2005-10-26-
dc.date.accessioned2010-05-14T11:16:43Z-
dc.date.available2010-05-14T11:16:43Z-
dc.date.issued2005-
dc.identifier.urihttp://hdl.handle.net/10419/31850-
dc.description.abstractIn the debate on why firms exist, the question of who chooses between firms and markets and on what basis is rarely addressed. This paper argues that the choice is a core element of the entrepreneurial pursuit of visions or conceptions of business opportunities. To successfully organize resources into the envisioned businesses - be it via firms or markets - resource owners must be coordinated on the entrepreneur's conception of the business and be motivated to perform properly. To solve the dual problem, the organizational form of the firm offers the entrepreneur unique advantages not feasible under the organizational form of markets.en
dc.language.isoengen
dc.publisher|aMax Planck Institute of Economics |cJenaen
dc.relation.ispartofseries|aPapers on Economics and Evolution |x0510en
dc.subject.ddc330en
dc.subject.stwUnternehmeren
dc.subject.stwUnternehmensgründungen
dc.subject.stwRechtsformwahlen
dc.subject.stwKognitionen
dc.titleFirms as realizations of entrepreneurial visions-
dc.typeWorking Paperen
dc.identifier.ppn501716947en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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