This paper looks at competitive interactions between Airbus and Boeing in very large aircraft. It concludes that Boeing attempted to preempt Airbus in introducing a new product in this space but failed to do so because of the incredibility, given the assumption of value maximization, of...

This essay argues that more systematic consideration of market failures has the potential to change how we think about management and managerial failures. While economists disagree about the incidence of market failures and effectiveness of governmental attempts at remediation—cf. Harvard...

This paper reviews economic evidence concerning the international integration of markets and concludes that most measures of market integration have scaled new heights in the last few decades but still fall far short of economic theory's ideal of perfect integration. Intermediate levels of...

This paper analyzes a dynamic mixed duopoly in which a profit-maximizing competitor interacts with a competitor that prices at zero (or marginal cost), with the cumulation of output affecting their relative positions over time. The modeling effort is motivated by interactions between Linux, an...

This paper is a history of ideas about business strategy and how they came to be influenced by competitive thinking. Both academics and practitioners' contributions are noted. The bulk of the paper focuses on efforts in the 1970s and the 1980s to deepen the analysis of industry attractiveness...

In its search for the answer to the question of firm performance differences, the strategy field has provided two types of answers - differences in firms' current competitive position (Porter, 1996) or differences in position at some prior time point (Selznick, 1957), where the latter sort of...

Strategists have tended to explain sustained performance differences across firms in terms of two types of interactions among choices: cross-sectional interactions and longitudinal ones. We explore the interplay between these two sorts of forces first in a qualitative manner drawing on case of...

Studies of competitiveness tend to focus on a local economy's global interactions, particularly its international trade. But for countries that are at least mid-sized (such as Spain), interregional trade tends to be as large as or significantly larger than international trade. The case of...

This paper re-examines the innovation-productivity nexus on the basis of a paired comparison between Catalonia's food and auto sectors. The sectoral studies expose a set of productivity enhancement mechanisms that do not involve innovation in the sense of anything new to the world, that are...