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Economic Institutions of Strategy Advances in Strategic Management · Volume 26 (2009) Brian
S. Silverman and Jackson A. Nickerson, Editors |
Since
the publication of Oliver Williamson’s Economic
Institutions of Capitalism in 1985, new institutional economics approaches
have increasingly been used to understand strategic challenges. This volume brings together the disparate
strands of new institutional economics-based strategy research in a single
comprehensive source.
The
contributors to this volume focus on new institutional economics’ insights
regarding diversification, alliances, franchising, geographic location,
innovation, and other strategic choices.
Each contributor uses either a single influential article – with
excerpts reprinted – or a survey of the literature to ask and answer three
questions: What is the current state of
the art in new institutional economics’ contribution to fundamental strategic
questions? Where has this approach
succeeded most, and what gaps remain?
And, most important, what are the most fruitful paths to future research
at the intersection of new institutional economics and strategy?
Foreword
Oliver
E. Williamson
Introduction
Jackson
A. Nickerson and Brian S. Silverman
How to create and capture value?
Industry analysis
1.
Industry, markets, and adaptation Peter
KLEIN/ Lasse LIEN
2.
Patents; appropriability Rosemarie
ZIEDONIS
·
Extract from Hall, B.H. and R.H. Ziedonis, 2001. “The Patent
Paradox Revisited: An Empirical Study of Patenting in the US Semiconductor
Industry, 1979-95,” Rand Journal of Economics, 32(1): 101-128.
Competitive
advantage and performance
3.
Contracts and performance Kyle
MAYER / L GIBBS
4.
Alliances and performance Joanne
OXLEY
·
Extract from Oxley, J.E.,
1997, “Appropriability Hazards and Governance in Strategic Alliances: A
Transaction Cost Approach,” Journal of
Law, Economics, and Organization, 13 (2): 387-409
5.
Franchising and performance Janet
BERCOVITZ
6. Internal
organizational choice and performance Nicholas
ARGYRES
Corporate strategy
7.
Diversification Brian
SILVERMAN
·
Extract from Silverman, B.S.,
1999, “Technological Assets and the Direction of Corporate Diversification: Toward an Integration of the Resource-Based View
and Transaction Cost Economics,” Management Science, 45(8): 1109-1124.
8.
R&D portfolio/licensing Bruno
CASSIMAN / A GAMBARDELLA
9.
Scale and scope Todd
ZENGER
Location, national
institutions, and strategy
10.
FDI/Location M
RAMOS / Myles SHAVER
11.
Location and governance Witold
HENISZ
·
Extract from Henisz, W.J.,
2000, “The Institutional Environment for Multinational Investment,” Journal of Law, Economics and Organization,
16(2): 334-364.
12.
Non-market strategy John
DE FIGUEIREDO
13.
Contracting with government Stephane
SAUSSIER / E BROUSSEAU
How to adapt to and influence changing
circumstances?
Dynamics
14.
Strategic change and vacillation Jackson
NICKERSON / Brian SILVERMAN
·
Extract from Nickerson, J.A.
and T.R. Zenger, 2002, “Being Efficiently Fickle: A Dynamic Theory of
Organization Choice,” Organization Science, 13(5): 547-566.
How to find new opportunities?
Development of new
technology
15.
Tech transfer Ajay
AGRAWAL
·
Extract from Agrawal, A and
R.M. Henderson, 2002, “Putting Patents in Context: Exploring Knowledge Transfer
from MIT,” Management Science, 48(1):
44-60.
16.
Alliances as options Jeffrey
REUER
Development of new
business opportunity/business model
17.
Choosing the question Nicolai
FOSS / N STIEGLITZ
18.
Problem solving Michael
LEIBLEIN/ Jeffrey MACHER