Recent conceptualizations of trends in the structure of U.S. industry have focused on the relative importance of markets, hierarchies, and hybrid intermediate forms. This paper advances the discussion by distinguishing three ideal–typical forms of organization and their corresponding coordination mechanisms: market/price, hierarchy/authority, and community/trust. Different institutions combine ...

There is extensive research examining the benefits of relational and transactional governance in buyer-supplier relations. Research on the implementation of, or evolution in, these governance modes however is lacking. In this paper we present the results of a longitudinal case study of the governance choices of Nissan and its suppliers over an eight year period after Nissan’s merger with Renaul...

Unstable market conditions caused by innovation and increasing intensity and diversity of competition have resulted in organizational capabilities rather than served markets becoming the primary basis upon which firms establish their long-term strategies. If the strategically most important resource of the firm is knowledge, and if knowledge resides in specialized form among individual organiza...

Circular systems of reuse and recycling may stimulate resource conservation and thereby more sustainable outcomes for marketing systems. Automotive remanufacturing serves as a specific circular marketing system of reuse. However, supply shortages challenge the European remanufacturing marketing system, and current research focuses on micromarketing perspectives in this context. This study addre...

Are the politics of economic regulation contingent on institutions? Drawing on arguments about institutional mediation and the institutional bases of rational action, we explore how institutions shape the dynamics invoked in two theories of regulation. We argue that institutional arrangements affect both the clarity and the content of group interests in regulation. Event history analyses of U.S...

Because of the predominance of the assumption of profit maximization as the goal of the firm and its decision makers, especially in the competitive strategy literature, research has yet to investigate how differences in objectives might influence competitive actions such as entry, exit, and pricing decisions. This represents an important gap in the literature given the fundamental role of objec...

This paper assesses the changing norms of water use known as the duty of water. It is a case study in historical socio-hydrology, or more precisely the history of socio-hydrologic ideas, a line of research that is useful for interpreting and anticipating changing social values with respect to water. The duty of water is currently defined as the amount of water reasonably required to irrigate a ...

Innovation inducement prizes have been used for centuries. In the U.S., a recent federal policy change—the America COMPETES Reauthorization Act of 2010—clarified and simplified a path by which all federal agencies can offer innovation inducement prizes, thus intensifying interest in how government agencies can most effectively design and apply such prizes. This paper aims to review and synthesi...

Do economies and markets make remediable errors in the choice of products? Does the economy "lock-in" to these incorrect choices even when the knowledge that these choices are incorrect is readily available? The literature of path dependence may be understood to argue that these lock-ins and errors occur, even in a world characterized by voluntary decisions and individually maximizing behavior....