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Economics of Strategy
Introduction. Strategy and Economics. Part One. Economic Foundations of Strategy. Chapter 1. Basic Microeconomic Principles. Chapter 2. Economies of Scale and Scope. Chapter 3. Agency andExpand
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This paper develops a theory of strategic group identity that explains how strategic groups emerge in an industry and how they can affect firm behaviors and outcomes. In so doing, it provides aExpand
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Price and Concentration in Hospital Markets: The Switch from Patient-Driven to Payer-Driven Competition
PERHAPS the most widely accepted paradigm of industrial organization (I/O) is that competition lowers prices or, alternatively, that price/cost margins are lower in less concentrated markets.1 TheExpand
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Is hospital competition wasteful?
Recent attention has been given to the hypothesis that local hospital competition takes the form of costly duplication of specialized services--the "medical arms race." This contrasts with theExpand
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Networking Smart: How to Build Relationships for Personal and Organizational Success
This article presents a review of the book “Networking Smart: How to Build Relationships for Personal and Organizational Success,” by Wayne E. Baker.
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Exploiting a Cost Advantage and Coping with a Cost Disadvantage
We develop testable implications about the effect of industry structure and firm-specific characteristics on the pass-through elasticity: The rate at which changes in a firm's costrelative to competitors translates into changes in the firm's price relative to competitors. Expand
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The Knowledge Spillover Theory of Entrepreneurship in Alliances
We develop and examine a framework for the knowledge spillover theory of entrepreneurship in alliances. Our framework regards entrepreneurial opportunity as endogenous, and entrepreneurial firms asExpand
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Determinants of HMO formulary adoption decisions.
OBJECTIVE To identify economic and organizational characteristics that affect the likelihood that health maintenance organizations (HMOs) include new drugs on their formularies. DATA SOURCES WeExpand
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Ownership Culture and Strategic Adaptability
ABSTRACT Although abundant evidence demonstrates a positive relationship between employee ownership and firm performance, two questions remain unanswered: why does employee ownership fail to enhanceExpand
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