Researchers in corporate strategy have long argued that resource “relatedness” contributes to a firm's competitive advantage. One implication is that entries made by a firm into businesses that are closely related to the firm's existing businesses should have higher survival rates than...

We describe a computerized experiment which can be used to introduce students to imperfect competition in courses on Introductory Economics, Industrial Organization, and Strategy & Management. In addition to introducing students to strategic thinking in general, the experiment serves to...

Researchers in corporate strategy have long argued that resource "relatedness" contributes to a firm’s competitive advantage. One implication is that entries made by a firm into businesses that are closely related to the firm’s existing businesses should have higher survival rates than...

The degree of endemic volatility in the number of firms and establishments varies considerably across industries. Examining the within-industry range of variation (max.-min.) of the number of firms over our sample period, the low and high values across U.S. manufacturing industries are 4 and...