10 research outputs found
Opportunity Costs, Competition, and Firm Selection
The paper questions the standard economic assumptions that competing economic agents have identical reservation utility levels, and that when differences in opportunity costs exist, they can be conveniently represented by fixed costs. Asymmetries in opportunity costs are considered in relation to current efficiency. The effect of this interchangeability of skills is studied in the context of the effect of entry on firm selection in a Cournot setting. It is found that inefficient firms are more likely to crowd out efficient ones when the relationship between current efficiency and opportunity costs is strong, and when the fixed costs of changing markets are high. Moreover, in the long-run, firms with intermediate cost levels are likely to induce the exit of low and high cost firms. The model sheds light on the benefits of diversification by multiproduct and multinational firms, and their relationship to skill transferability.Entry, exit, firm selection, firm survival, opportunity costs, skill transferability, diversification,
Importance of managing intangible assets in enhancing dynamic capabilities of firms: cases from Sweden and Germany
Entrepreneurial environment and research performance in knowledge-based institutions
Social capital, Entrepreneurial orientation, Structural dimension, Research activity, Research performance,
Industry Factors Influencing International New Venturesâ Internationalisation Processes
Antecedents and Outcomes of Brand Strength: A Study of Asian IT Organizations Towards Brand Sustainability
Factors influencing the internationalisation of new ventures in the Irish aquaculture industry: An exploratory study
International new ventures, Industry structure, Low-technology sector, Ireland,