Purpose: Internationalization has emerged as a vital catch-up strategy for firms in emerging markets. Although external knowledge search has been widely acknowledged as an important way within the internationalization process, there appear to be opposing views as to whether local or...

Purpose: Extant research has integrated ambidexterity perspective into international business studies and calls for emerging market multinational enterprises (EM MNEs) to implement exploration and exploitation activities simultaneously in foreign markets. However, less attention has been paid...

We propose a novel approach to the modelling of second-price Maximum-Value auctions that assumes no belief about others' behavior and no expected profit maximization. This individual decision-making model, naïve Impulse Balance Equilibrium or nIBE, deals with bidders' anticipated regrets from...

We propose a novel approach to the modelling of behavior in first-price and all-pay auctions that builds on the use of a heuristic to achieve an Impulse Balance Equilibrium. The resulting individual decision-making model, nIBE, assumes no expected profit-maximization and accommodates any...