Quarterly Journal of Austrian Economics
Author:
Nicolai J. Foss
Lasse B. Lien
Online Publish Date:
Volume 13, Number 2 (Summer 2010) Changes in ownership titles are essential to understanding competitive dynamics and, more broadly, the market process. There is ample evidence that a crucial source of productivity growth, and hence well-being, is due to the reallocation of inputs and outputs from less to the more productive firms. Furthermore,
