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  1. Authority in the Context of Distributed Knowledge.Kirsten Foss & Nicolai J. Foss - forthcoming - Common Knowledge.
     
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    Theoretical Isolation in Contract Theory: Suppressing Margins and Entrepreneurship.Kirsten Foss & Nicolai J. Foss - 2000 - Journal of Economic Methodology 7 (3):313-339.
    We discuss contract theory from a combined Austrian/new institutional view. In the latter view, the world is seen as shot through with ignorance and transaction costs, but, as a tendency, entrepreneurial activity responds to the problems caused by these. All modelling must critically reflect this. This ontological commitment is contrasted to various isolations characteristic of contract theory, specifically the modelling strategy of introducing often ad hoc and unexplained constraints that suppress margins and possibilities of entrepreneurial actions that would be open (...)
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    Heterogeneous Capital, Entrepreneurship, and Economic Organization.Sandra K. Klein, Peter G. Klein, Nicolai Foss & Kirsten Foss - 2002 - Journal des Economistes Et des Etudes Humaines 12 (1).
    One of Israel Kirzner’s less wellknown contributions is to the theory of capital. In this paper, we link the Austrian theory of capital and the theory of economic organization. Our starting point is the key Austrian notion of capital heterogeneity which we interpret in terms of attributes. Most capital assets are multi-attribute in nature, and many attributes may not be known to entrepreneurs. This fosters a need for experimenting with capital combinations. Because there are costs of measuring attributes, this process (...)
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