National industrial concentration in the U.S. has risen sharply since the early 1980s, but there remains dispute over whether local geographic concentration has followed a similar trend. Using near population data from the Economic Censuses, we confirm and extend existing evidence on national...

It is discussed whether hybrid strategies are beneficial or detrimental to a firm’s performance, because hybrid strategies lead to organizational tensions that arise from the simultaneous pursuit of distinct strategic activities. However, existing studies on the relationship between hybrid...

There are very few industries that can attract the attention of Congress, multiple federal and state agencies, consumer groups, economists, antitrust lawyers, the business community, farmers, ranchers, and academics as the agriculture workshops have. Of course, with intense interest from...

This article, from The Oxford Handbook of Dynamic Capabilities (David J. Teece & Sohvi Leih, eds. 2016), describes the construct of “legal astuteness” and explains why it is a valuable dynamic capability. It also examines the systems approach to law and strategy, which embeds the top...

With the creation and implementation of the February 1997 World Trade Organization Agreement on Basic Telecommunications Services (the February Accord or WTO Agreement), the international telecommunications community has (at least on paper) promised ostensibly to move away from markets...

In July 2003, the Phoenix Center released POLICY BULLETIN NO. 5, Competition and Bell Company Investment in Telecommunications Plant: The Effects of UNE-P (July 2003) that evaluated, using a simple economic and econometric model, the short-run relationship between UNE-P and Bell Company...

The purpose of this Policy Bulletin is to determine whether wireline and wireless telephone services are close enough substitutes to be effective intermodal competitors. Using the standard tools of antitrust economics, this Policy Bulletin presents evidence indicating that wireless is not an...

Stable business ecosystems at times are subjected to endogenous or exogenous gravity shocks either due to emergence of high-gravity player(s) within the ecosystem, or as a consequence of entry of high-gravity player(s), respectively. In this paper, we introduce the term gravity, i.e. the density...

Companies create their business ecosystems through platform strategies. This article explores the conditions for the emergence of this phenomenon in situations of market failures. It studies how platforms substitute market to play a coordinating role and governance of economic actors. The...