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The concept of a barrier to entry has been discussed least since Bain [1956] with important contributions by Spence [1977], Dixit [1980] and Milgrom-Roberts [1982]. The more recent discussion is synthesized in the contributions to a dedicated session at the 2004 AEA meeting. Yet, a 'barrier to...
Persistent link: https://www.econbiz.de/10011166351
This paper analyzes the interactions between vertical integration and (wholesale) spot, forward and retail markets in risk management. We develop an equilibrium model that fits electricity markets well. We point out that vertical integration and forward hedging are two separate levers for demand...
Persistent link: https://www.econbiz.de/10011073085
L’objectif de cette communication est de proposer un cadre d’analyse de l’évolution des relations partenariales. Ce …’étude des facteurs explicatifs influençant la relation partenariale : son évolution apparaît ainsi conditionnée par l … -ci est alors vue comme ayant sa logique propre et son évolution peut être éclairée par une étude de la nature des forces …
Persistent link: https://www.econbiz.de/10011074045
In 'The Methodology of Positive Economics' (1953), Milton Friedman linked the adoption of a falsificationist methodology to the rejection of monopolistic competition as a valid assumption, thus elaborating a point made earlier by George Stigler in 'Monopolistic Competition in Retrospect' (1949)....
Persistent link: https://www.econbiz.de/10010707910
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Persistent link: https://www.econbiz.de/10011124181
Are management tools instrumental of socialisation and of behavioural control or can they be vectors of change? Based on four examples of the change process in companies, the author reflects on the nature and the role of management tools, considered as sources, supports or even consequences of...
Persistent link: https://www.econbiz.de/10010737656
Can the process of change be deliberate, planned and controlled in an organisation? Does the management of change within an organisation consist in fighting the forces of resistance and stability? Not necessarily. Change creates unforeseen confrontation between the organisation and its actors....
Persistent link: https://www.econbiz.de/10010764089
We propose a theory to manage the uneasy relation between strategic choice, chance, and determinism (or inevitability). To do so, we locate arguments in intellectual history that have a clear bearing on this relation. We introduce and defend four conjectures that outline the relationship between...
Persistent link: https://www.econbiz.de/10010783751
Experience suggests that strategy entails some interplay of choice, chance, and determinism as causal elements. Specifically, strategy is predicated on causality, or the principle that strategic choices have causes as well as consequences. Yet our discipline lacks a fundamental theory of...
Persistent link: https://www.econbiz.de/10010783753