Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/31850
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dc.contributor.authorWitt, Ulrichen_US
dc.date.accessioned2005-10-26en_US
dc.date.accessioned2010-05-14T11:16:43Z-
dc.date.available2010-05-14T11:16:43Z-
dc.date.issued2005en_US
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_US
dc.language.isoengen_US
dc.publisher|aMax-Planck-Inst. für Ökonomik |cJenaen_US
dc.relation.ispartofseries|aPapers on economics and evolution |x0510en_US
dc.subject.ddc330en_US
dc.subject.stwUnternehmeren_US
dc.subject.stwUnternehmensgründungen_US
dc.subject.stwRechtsformwahlen_US
dc.subject.stwKognitionen_US
dc.titleFirms as realizations of entrepreneurial visionsen_US
dc.type|aWorking Paperen_US
dc.identifier.ppn501716947en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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