Strategic resource dependence
نویسندگان
چکیده
We consider a situation where an exhaustible-resource seller faces demand from a buyer who has a perfect substitute but there is a time-to-build delay for the substitute. We nd that in this simple framework the basic implications of the Hotelling model (1931) are reversed: over time the stock declines but supplies increase up to the point where the buyer decides to switch. Under such a threat of demand change, the supply does not re ect the true current resource scarcity but leads to increased future scarcity, felt during the transition to the substitute supplies. The analysis suggests a perspective on costs of oil dependence. JEL Classi cation: D4; D9; O33; Q40.
منابع مشابه
A study on the strategic alignment process with information technology for new ventures: from a dynamic capability perspective
Many prior studies suggest that alignment between business strategy and IT strategy is a dynamic and continuous process, but few of them provide theoretic frameworks for this phenomenon. For new ventures, the alignment process involves with the process of resource reconfiguration to sustain competitive advantages in a velocity environment. Thus, in this paper we applied the dynamic capability p...
متن کاملStrategic Human Resource Management: Alternative Theoretical Frameworks
Critics have argued that the field of human resource management (HRM) lacks a coherent theoretical framework. This article attempts to further the theoretical development of SHRM through discussing six theoretical models (behavioral perspective, cybernetic models, agency/transaction cost theory, resource-based view of the firm, power/resource dependence models, and institutional theory) that ar...
متن کاملThe survey of effective factors on Strategic human resource planning Implementation in National Iranian Oil Products Distribution Company (N.I.O.P.D.C)
The main pupose of this research is to survey of effective factors on Strategic human resource planning Implementation in National Iranian Oil Products Distribution Company (N.I.O.P.D.C). In order to this survey, lee & Gough & Moses & Sinelane theories and for survey of effective factors on HR, Stainer and Christopher theories have been used with ten phrases as theorical framework.Statistical ...
متن کاملThe Relationship between Strategic Human Resource Managements and Services Innovation; Considering the Role of Employees\' Professional Ethics
Background: Defense organizations need to implement the services innovation practices in todaychr('39')s dynamic and changing environment. Defense organizations also need strategic human resource managements and employees chr('39') professional ethics to proceed and move towards service innovation. Accordingly, the present study has been conducted to investigate the relationship between strateg...
متن کاملStrategic Human Resource Development Model Designing in National Iranian Oil Company
Today human resource Strategies are very important for human resource systems. While talking about strategies, integration and coordination is something is much more importance than strategies formulation and implementations. This study presents a model for the strategic development of human resource based on competencies model. In fact, the main question of this research is: What are the affec...
متن کاملAnalysis of internal and external influences on path creation – A simulation study
Path dependence is an important phenomenon in strategic management. It narrows the decision space of strategic decision making which potentially leads to inefficiency. It also causes idiosyncratic differences between firms and therefore heterogeneity in the capability and resource endowment of firms which could be beneficial in competition. Sizing the later line of argumentation, paths could be...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید
ثبت ناماگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید
ورودعنوان ژورنال:
- J. Economic Theory
دوره 146 شماره
صفحات -
تاریخ انتشار 2011