Embeddedness of interfirm relationships in the social structure resulting from prior partnerships engenders order in new tie formation. However, competitive incentives make firms likely to undermine the order that they achieve through the formation of interfirm relationships. We focus empirically on unplanned dissolution of joint ventures between firms competing in the same industry and examine...

We question the broad applicability of the assumption of profit maximization as the goal of the firm and investigate how variance in objective functions across different ownership structures affects competitive behavior. While prior work in agency theory has argued that firms may fail to engage in profit maximizing behaviors due to misalignment between the goals of owners and managers, we conte...

In this study, a contract for vertical and horizontal coordination is developed in which transportation mode and carbon emissions tax play a key role in determining the values of the contract parameters. The contract is designed for simultaneous coordination of cooperative advertising and periodic review replenishment decisions of a supplier and two competitive retailers. To obtain the optimal ...

31 Theory on plant succession predicts a temporal increase in the complexity of spatial 32 community structure and of competitive interactions: initially random occurrences of early 33 colonising species shift towards spatially and competitively structured plant associations in 34 late successional stages. Here we use long-term data on early plant succession in a German 35 post mining area to d...

This paper analyses the relationship between information technology use (IT) and competitive advantage. Previous empirical research shows that IT improves competitive advantage when it acts together with some human or managerial resources of an intangible nature. In this work we propose a new complementary resource to IT: democratic ownership structure. We empirically analyse whether ownership ...

While the analytical solution for marginal distribution of a stochastic chemical reaction network has been extensively studied, its joint distribution, i.e. high-dimensional master equation, received much less attention. Here we develop novel method computing exact distributions wide class first-order systems in steady-state conditions. The effectiveness our is validated by applying it to four ...