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so, it develops a structural econometric model that allows managers to be heterogeneous in their ability to correctly … older firms with older, more experienced managers have higher estimated levels of strategic ability. Managers with degrees … in economics or business, and managers with graduate degrees, also have higher estimated levels of strategic ability. We …
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This paper studies the dynamics of an industry that is subject to exclusive geographical licensing. I develop a model of license ownership that predicts the evolution of profit-maximizing entry and acquisition decisions by firms over time, starting from an initial allocation of licenses. The...
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