Perfect Competition and the Creativity of the Market
By L. Makowski, Joseph M. Ostroy. 2001
210 citations recorded by the source corpus.
Subfields: Economics and Econometrics, Management Science and Operations Research
View Paper: https://www.semanticscholar.org/paper/6b34ee7e5e3db3ac1c329a958eadd0069929a801
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Economics and Econometrics
- N. J. Foss
- Ibuki Ishikawa
- Michael J. Leiblein
- Steven A. Lippman
- R. Rumelt
- Kirsten Foss
- David J. Teece
- Teppo Felin
In Management Science and Operations Research
- N. J. Foss
- Michael J. Leiblein
- Steven A. Lippman
- R. Rumelt
- Ibuki Ishikawa
- Kirsten Foss
- Siegwart Lindenberg
- Ram Mudambi
Citations in the corpus
- A BARGAINING PERSPECTIVE ON RESOURCE ADVANTAGE (2003, background): “2 Lippman and Rumelt (2003). 3 We define simple rent to be the full payment (rather than excess payment) for the services of a scarce resource.”
- Entrepreneurship, transaction costs, and resource attributes (2006, unknown): “In one interpretation, “… zero transaction costs includes the assumption that information about others’ characteristics is common knowledge” (Makowski and Ostroy, 2001: 531).”
- What Do Resource- and Capability-Based Theories Propose? (2011, background): “Scholars applying coalitional bargaining games describe competitive advantage as an actor’s claim on the value pie as a function of the actor’s marginal or “added” value (Brandenburger & Stuart, 1996; MacDonald & Ryall, 2004; Makowski & Ostroy, 2001; Lippman & Rumelt, 2003).”
- The Economics of Governance (2005, unknown): “Strategic considerations that had been ignored by neoclassical economists from 1870 to 1970 now make their appearance (Makowski and Ostroy, 2001, pp. 481-483, 490-491).”
- Towards a Dynamic Resource-based View: Insights from Austrian Capital and Entrepreneurship Theory (2007, background): “While competition in terms of process innovations may be consistent with competitive equilibrium (Lippman and Rumelt 1982), competition in terms of product differentiation, price discrimination, product innovation, etc. is not (Makowski and Ostroy 2001).”
- Understanding opportunity discovery and sustainable advantage: the role of transaction costs and property rights (2008, unknown): “Accordingly, the zero transaction cost condition does not rule out opportunity discovery that is rooted in privately held experiential knowledge (cf. Makowski & Ostroy, 2001).”