This paper looks at competitive interactions between Airbus and Boeing in very large aircraft. It concludes that Boeing attempted to preempt Airbus in introducing a new product in this space but failed to do so because of the incredibility, given the assumption of value maximization, of...

This essay argues that more systematic consideration of market failures has the potential to change how we think about management and managerial failures. While economists disagree about the incidence of market failures and effectiveness of governmental attempts at remediation—cf. Harvard...