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In this paper we use the theory of social situations (TOSS) to examine the stability in advertising and (price) competition games. In this context, we derive the interesting result that with endogenous and exogenous advertising the incumbent need not maintain a hungry-look, i.e.,...
Persistent link: https://www.econbiz.de/10012779201
Organizational theorists built their knowledge of decision making through a progressive critique of rational choice theory. Their positioning towards rationality, however, is at odds with the observation of rationality persistence in organizational life. This paper addresses this paradox. It...
Persistent link: https://www.econbiz.de/10014153304
In a world of accelerating innovation cycles, shortening knowledge half-life periods, growing plurality of interests, sped-up communication flows and rapidly progressing global cross-linking, corporate environments become more and more complex. This contribution explores the relation between...
Persistent link: https://www.econbiz.de/10014037833
Frank Knight distinguished between 'uncertainty' and 'risk' to specify the true nature of 'profit’, but his specification never caught on and I do not see realistic possibilities for renewing research in this direction. Knight also used uncertainty to specify the distinctive role of the...
Persistent link: https://www.econbiz.de/10013322989
Subjective uncertainty helps explain features of entrepreneurial activity that fall outside the scope of models that focus on information asymmetries and misaligned incentives. Uncertainty, construed simply as missing information, can lead to unintended misjudgments. Efforts to control...
Persistent link: https://www.econbiz.de/10013308318
This article examines how dynamic changes in information cost structure and time preferences affect consumers' search and switching behavior over time and lead to lock-in. The information cost structure is conceptualized as a tradeoff of initial setup costs and ongoing usage costs. Lock-in is...
Persistent link: https://www.econbiz.de/10014030999
these attributes on the performance of small and medium-sized Portuguese companies. Design/methodology/approach: The … and cognitive ability influence personal relations and complicity. Organizational performance is strongly influenced by … gain a better knowledge about how to improve the performance of their firms, for example through adjustments in …
Persistent link: https://www.econbiz.de/10010354218
"Inspired by the Coase (1937) theory of the firm, we analyze the performance of Healy, Palepu, and Ruback (1992) sample …). Our individual, firm-level, year-by-year analyses indicate that the managerial performance of the merged firms generally … interest in yearly or even quarterly managerial performance at the individual firm level." …
Persistent link: https://www.econbiz.de/10009468471
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