Showing papers by "David J. Teece published in 1991"
TL;DR: The authors examines the relationship between strategic management and economics and provides a guide to the eight papers contained in the special issue, and offers the guest editors viewpoints on the contributions of each discipline to the other.
Abstract: This essay examines the relationship between strategic management and economics It introduces the special issue on this same topic by providing a guide to the eight papers contained in the special issue, and it offers the guest editors viewpoints on the contributions of each discipline to the other The essay notes the major contribution from economics has been primarily from the industrial organization literature, with promises of important gains to be made from the ‘new’ economics as it breaks away from the neoclassical theory of the firm Contributions from strategic management to economics are noted Areas for further research utilizing the relationship between strategic management and economics are also indicated
949 citations
Journal Article•
01 Jan 1991-Journal of Institutional and Theoretical Economics-zeitschrift Fur Die Gesamte Staatswissenschaft
TL;DR: In this paper, the authors discuss the nature and importance of competition and the goals of antitrust, and propose modifications to U.S. Antitrust Law Affecting Cooperative Agreements among Competitors.
Abstract: The following sections are included:OverviewThe Nature and Importance of Competition and the Goals of AntitrustInnovation and Market Power AssessmentInnovation and Cooperative Agreements among CompetitorsThe (Traditional) Serial ModelThe Simultaneous ModelOrganizational Requirements of InnovationGovernance Alternatives for InnovationThe price mechanismInternal organizationStrategic alliancesAntitrust Treatment of Agreements Among CompetitorsProposed Modifications to U.S. Antitrust Law Affecting Cooperative Agreements Among CompetitorsConclusionSummaryZusammenfassungReferences
22 citations
TL;DR: In this article, the authors suggest that these models are often highly specific and they are starting to yield outcomes that appear to be more general, and which comport with what industry analysts report is going on in international markets, especially for manufactured goods.
6 citations
01 Jan 1991
TL;DR: The authors argued that the corporation should be viewed as an institution for economizing on transaction costs, for housing organizational learning, and for capturing value from technological innovation, and some fundamental rethinking is occurring with respect to how corporations should cooperate and compete.
Abstract: Two somewhat independent shifts are causing academics, businessmen, and policy makers to rethink fundamental ideas about the corporation and competition. The first is the increased level of international competition, particularly from the Japanese and other developmental states which have relentlessly been challenging American and European corporations in the global marketplace. These competitive pressures are leading, at least in some circles, to a re-evaluation of American institutions and policies. The second and more subtle shift is occurring within economics and is driven by a dissatisfaction with orthodox theory. Textbook views of the corporation as a black box, or production function, are giving way to views of the corporation as an institution for economizing on transaction costs, for housing organizational learning, and for capturing value from technological innovation. In addition, some fundamental rethinking is occurring with respect to how corporations ought to cooperate and compete. This latter issue has not gone very far to date, but it will probably become an increasingly important consideration in the years ahead.
3 citations