Management scholars have long stressed the importance of evolutionary processsesfor inter-firm cooperation but have mostly missed the promising opportunityto incorporate ideas from evolutionary theories into the analysis of collaborativearrangements. In this paper, we first present three rules...

In this paper we develop a new view of organizations as disequilibrium systems. To introduce our ideas and some terminology we use a simple economic model which captures the interaction of a firm with its output market. We demonstrate that the decisions made by the management might cause regular...

In this paper a quantity-setting duopoly is considered where one firm develops a new product which is horizontally differentiated from the existing product. The main question examined is which strategically important effects occur if the decision to develop the innovation and the decision to...

In this paper, we study the global dynamics of a complementarity game with effort cost externalities. Following Matsuyama (2002), we assume that identical players are simultanously engaged in two identical games, where the players' efforts chosen in each of the games exhibit a strategic...

In this paper we are analyzing a mixed quantity-setting duopoly consisting of a socially concerned firm and a profit maximizing firm. The socially concerned firm considers one group of stakeholders in its objective function and maximizes its profit plus a share of consumer surplus. Both firms...

This paper considers investment behavior of duopolistic firms subject to technological progress. It is assumed that initially both firms offer a homogeneous product, but after a stochastic waiting time they are able to realize a product innovation. Production capacities of both firms are product...

The paper addresses the question how production capacities on an established market affect the innovativeness of firms. We analyze the strategic interactions in an oligopoly setting where firms offer an established product and have the option to offer an additional new product. We show that the...