We consider an entrepreneur that is the sole producer of a cost reducing skill, but the entrepreneur that hires a team to use the skill cannot prevent collusive trade for the innovation-related knowledge between employees and competitors. We show that there are two types of diffusion-avoiding...

In this paper, we highlight the conditions under which organizations initiate changes in two distinct institutional contexts. While the focus within behavioral research has been on aspiration-driven organizational change, the effect of institutional dynamics on the probability of change has been...

In this paper we argue that restructuring firms in a transition economy produces an effect similar to a network externality, in that the profitability of restructuring depends on the number of firms that have already decided to adopt this strategy. While other papers assume the existence of a...