Our objective was to integrate a sociological and an economic theory of market partitioning into a unifying framework: Glenn Carroll's resource-partitioning and John Sutton's sunk cost theories, respectively. In so doing, two important theory fragments from organizational ecology and industrial...

We demonstrate how organizational ecology can contribute to strategic management and managerial practice by using resource-partitioning theory to make predictions with respect to: (i) the short-run performance (i.e. growth and profitability) consequences of broad (generalist) vis-ý-vis focus...

We compare the returns to education (RTE) for entrepreneurs and employees, based on 19 waves of the NLSY database. By using instrumental variable techniques (IV) and taking account of selectivity, we find that the RTE are significantly higher for entrepreneurs than for employees (18.3 percent...

By designing remuneration schemes based on a bonus rewarding specific firm-level outcomes, the owners|shareholders of a firm can manipulate the behavior of their managers. In practice, different bonus anchors take center stage: some are profit-based, others use sales as the key yardstick and...

Modern corporate governance codes include clauses requiring the disclosure of managerial compensation. Such codes have been installed to protect shareholders' interests. In this paper, we explore the impact of such disclosure on consumer welfare. We consider two-stage delegation games in which...

A monopoly firm locates in multidimensional product characteristics' space by setting a price that maximizes its profits. The monopoly market area (MMA) it serves strikes the happy medium between lower price and larger MMA, assuming absence of price discrimination, by setting the price at the...

Dit is een bijzonder onderzoekmemorandum: niet vanwege de inhoud, hoewel die ongetwijfeld controversieel zal blijken te zijn, maar omdat het een memorandum is dat het eerste produkt is van een nieuw instituut. Eind 1996 is in Maastricht het Netherlands Institute of Business Organization and...

Cities differ dramatically with respect to the extent in which their economic and other activities are diversified. Some cities are specialized, while other cities harbour a myriad of organizations, performing a huge variety of activities. An unanswered question is: Where does such...

This paper develops and tests a model explaining diversity within top executive management teams from the perspective of selective turnover. We draw on two theoretical perspectives to describe the pull toward team homogenization (low diversity) and the push toward team heterogenization (high...