Economic Theory Research Papers - Academia.edu (original) (raw)

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Some of Law and Economics’ basic claims have come to be criticized as a result of empirical findings that question their viability. Particularly, the premise that agents consistently act rationally and with their self-interest in mind... more

Some of Law and Economics’ basic claims have come to be criticized as a result of empirical findings that question their viability. Particularly, the premise that agents consistently act rationally and with their self-interest in mind seems problematic. What the consequences of the criticism mean for Law and Economics’ tenability depends largely on the questions whether (1) some elements are unassailable to the alternative’s objections and (2) the alternative is a systematic whole. It is argued that Law and Economics may be salvaged, if it is minimized and its ambitions are tempered. This means focusing on the stable, a priori, elements inherent to it.

In this work we raise that a firm's absorptive capacity differs depending on the strategy being followed by the firm. We consider that absorptive capacity is formed by the ability to acquire, assimilate, transform and exploit the... more

In this work we raise that a firm's absorptive capacity differs depending on the strategy being followed by the firm. We consider that absorptive capacity is formed by the ability to acquire, assimilate, transform and exploit the knowledge generated externally and examine the importance that each one of these dimensions has in compa- nies that adopt different strategies. The information has been obtained from a sample composed by 81 Spanish ce- ramic tiles firms. The results show that the ability to acquire knowledge is higher in prospectors than in defenders and analyzers, and that the transformation and exploitation abilities are higher in the prospector firms than in the de- fenders, whereas no differences are observed in the knowledge assimilation capacity.

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