In recent years, policy experiments using large microeconomic datasets have gained ground in macroeconomics. Imposing rational expectations, we examine robustness of evidence derived from ideal natural experiments applied to atomistic agents in dynamic settings. Paradoxically, once experimental...

Researchers have made great efforts to understand the dynamics of various organizational elements that enhance innovativeness. They have identified certain organizational solutions in terms of structures, systems, and processes that contribute to innovations in organizations. Most of the...

Utilitarianism arguably provides the philosophical justification for suboptimal management theory. We provide a historical perspective on the development of management theory from its utilitarian basis, and highlight the missing conceptual link between management theory and human dignity. We...

This paper is aimed at analyzing a very important view of the process of implementing quality management in organizations, in order to gain a competitive advantage. By integrating the basic principles of complete quality management, organizations themselves begin to feel the benefits and...

Negative advertising provides information about the weaknesses of a competitor’s product. We study negative advertising with a focus on how it impacts product positioning for profit-maximizing firms. We build a model of informative advertising competition, where product positioning is...

Capitalism has long had a bad reputation, and not only in the former communistic countries. The public discourse on continents such as Latin America and Africa has long been very critical of Anglo-Saxon style business. What is novel, however, is that with the new millennium, the discontent with...

In this paper, I am examining the foundational assumptions of human nature (ontology) that guide current corporate governance and strategy. I question these assumptions based on the latest findings from the sciences and propose an alternative, humanistic ontology. This ontology allows us to...

In this paper, I am examining the foundational assumptions of human nature (ontology) that guide current corporate governance and strategy. I question these assumptions based on the latest findings from the sciences and propose an alternative, humanistic ontology. This ontology allows us to...

This thesis consists of one essay in industrial organization and two essays in non-cooperative game theory.

In this paper, a model of product innovation is developed that endogenizes the degree of cooperation. Two opposing forces affect firm profit in an R&D joint venture. Cooperation increases the quality of the product but it also makes the new products more similar. The increasing substitutability...