This article surveys the theoretical and empirical literature on mechanisms that confer
advantages and disadvantages on first‐mover firms. Major conceptual issues are …

This chapter offers a comprehensive survey of the economic analysis of advertising. A first
objective is to organize the literature in a manner that clarifies what is known. A second …

A forceful argument against America's vicious circle of growing inequality by the Nobel Prize–
winning economist. The top 1 percent of Americans control 40 percent of the nation's wealth …

Now beyond its eleventh printing and translated into twelve languages, Michael Porter's The
Competitive Advantage of Nations has changed completely our conception of how …

The dynamic capabilities framework analyzes the sources and methods of wealth creation
and capture by private enterprise firms operating in environments of rapid technological …

This paper develops new techniques for empirically analyzing demand and supply in
differentiated products markets and then applies these techniques to analyze equilibrium in …

This concluding article in the special issue of Organizational Behavior and Human Decision
Processes on the foundations of knowledge transfer in organizations argues that the …

Organizational capabilities, appropriately defined, can meet the conditions, articulated by
the resource‐based view of the firm, for being a source of sustainable competitive …

A common observation in the informal literature of economics (and elsewhere) is that is
multistage “games,” players may seek early in the game to acquire a reputation for being …

Comprehensive in scope, Real Options reviews current techniques of capital budgeting and
details an approach (based on the pricing of options) that provides a means of quantifying …