Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/235014 
Year of Publication: 
2020
Series/Report no.: 
Discussion Paper Series No. 691
Publisher: 
University of Heidelberg, Department of Economics, Heidelberg
Abstract (Translated): 
Within firms diverse fields of action are regarding the transformation of material and immaterial resources. The dimension of choices is being determined by the basic laws of thermodynamics. The entropic relevance of action within a firm has been considered by the paper. From a social system theory perspective the impact of energy flow and its qualities on the decisional opportunity level is being discussed. It can be shown that from the perspective of thermodynamics the threat by equilibrium has some essential consequences for the firm's decision making in general.
Subjects: 
closed and open system
thermodynamics
decision making
entropy
steady state and thermodynamic equilibrium
JEL: 
B49
D24
D29
B41
M10
M20
P18
Q43
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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