mainstream strategy research, offering additional variables and considerations to explain competitive advantage, the legitimacy … based style makes institutional theory a strategy theory in its own right by providing an explanation for an organization …

We develop models of markets with procrastinating consumers where competition operates - or is supposed to operate … price competition fails at this stage as well. In fact, a competition paradox results: an increase in the number of firms or … returning ex-post profits to consumers, and in some cases even exacerbate the failure of price competition. Consumer …