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cooperative's outcomes with simple models of a vertically separated market of autonomous producers and of a centralized hierarchy … constellations, under which the cooperative outperforms the market and hierarchy forms of business organization. This article … advantages of cooperatives in the market-hierarchy continuum …
Persistent link: https://www.econbiz.de/10013134620
In the dynamic game we analyze, players are the members of a fixed network. Everyone is initially endowed with an information item that he is the only player to hold. Players are offered a finite number of periods to centralize the initially dispersed items in the hands of any one member of the...
Persistent link: https://www.econbiz.de/10003950474
Novel early stage ideas face uncertainty on the expertise needed to elaborate them, which creates a need to circulate them widely to find a match. Yet as information is not excludable, shared ideas may be stolen, reducing incentives to innovate. Still, in idea-rich environments inventors may...
Persistent link: https://www.econbiz.de/10008728746
We analyze R&D collaboration networks in industries where firms are competitors in the product market. Firms' benefits … also change their own competitive position in the market as well as the overall market structure. We provide a general …
Persistent link: https://www.econbiz.de/10011429537
In this paper we analyze R&D collaboration networks in industries where firms are competitors in the product market …, however, firms also change their own competitive position in the market as well as the overall market structure. We analyze …
Persistent link: https://www.econbiz.de/10009747321
We examine how speed of information diffusion within mutual fund families affects the performance and trading behavior of the corresponding member mutual funds. Timely information flows within the organization lead to better fund performance, and even more so when information flows across funds...
Persistent link: https://www.econbiz.de/10010471723
This paper presents a critical overview of some recent attempts at building formal models of organizations as information-processing and problem-solving entities. We distinguish between two classes of models according to two distinct objects of analysis. The first class includes models mainly...
Persistent link: https://www.econbiz.de/10008909576
We document that the speed of information dissemination within mutual fund families positively affects the performance of member funds. This suggests that the resulting benefits of higher information precision far outweigh free-riding costs associated with fast internal dissemination. The...
Persistent link: https://www.econbiz.de/10011296785
This article examines the daily strategizing of buyers, taking the dyad to be the elementary unit of analysis in market … dynamics. The ideas are revisited that dyadic market relationships converge towards loyalty (Kirman and Vriend), and that … individuals strategize in each dyad in non-conformist ways, the stability of the market is nevertheless preserved. The empirical …
Persistent link: https://www.econbiz.de/10013131255
Authority often relies on information whose collection and transmission by subordinates its very exercise discourages. In this paper, we study how the allocation of authority affects the production, transmission, and strategic use of subjective intelligence relying on exhaustive data on credit...
Persistent link: https://www.econbiz.de/10013133844