Browsing Research documents by Author "Foss, Nicolai Juul"
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an organizational economics perspectiveFoss, Kirsten; Foss, Nicolai Juul (København, 1998)[More information][Less information]
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Abstract: Although recent economics contributions represent important strides forward in the understanding of leadership behavior, the cognitive and symbolic dimensions of the phenomenon have attracted virtually no interests from economists and game theorists. I argue that an understanding of these dimensions may be founded on coordination games, particularly to the extent that these illustrate interactive belief formation. In this context, leadership is defined as the taking of actions that coordinate the complementary actions of many people through the creation of belief conditions that (at least) substitute for common knowledge, and where these actions characteristically consists of some act of communication directed at those being led. The concept of common knowledge (or, its approximation by means of notions of common belief) is argued to be particularly important to understanding leadership. Thus, leaders may establish common knowledge conditions, and assist the coordination of strategies in this way, or make decisions in situations where coordination problems persist in spite of common knowledge. URI: http://hdl.handle.net/10398/6877 Files in this item: 1
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knowledge-based and property rights perspectivesFoss, Kirsten; Foss, Nicolai Juul (København, 2000)[More information][Less information]
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Foss, Nicolai Juul (København, 1998)[More information][Less information]
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the roles of knowledge sources and organizational instruments for knowledge creation and transferFoss, Nicolai Juul; Pedersen, Torben (København, 2001)[More information][Less information]
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Laursen, Keld; Foss, Nicolai Juul (København, 2000)[More information][Less information]
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Foss, Nicolai Juul (København, 1997)[More information][Less information]
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an Austrian viewSautes, Frédéric E.; Foss, Nicolai Juul (København, 1999)[More information][Less information]
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noter til en tiltrædelsesforelæsningFoss, Nicolai Juul (København, 1998)[More information][Less information]
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an empirical investigationFoss, Nicolai Juul; Laursen, Keld (København, 2002)[More information][Less information]
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Foss, Nicolai Juul (København, 1998)[More information][Less information]
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towards a sustainable explanation of competitive advantageFoss, Nicolai Juul; Knudsen, Thorbjørn (København, 2000)[More information][Less information]
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Herbert A. Simon and organizational economicsFoss, Nicolai Juul (København, 2002)[More information][Less information]
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Foss, Nicolai Juul (København, 2001)[More information][Less information]
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past debates, central questions, and future research possibilitiesFoss, Nicolai Juul (København, 2002)[More information][Less information]
Abstract: The role of transaction cost economics in developing research in strategy has been a hotly debated topic over the last decade. This paper presents the radical argument that transaction cost insights are more than merely useful complements to existing approaches to strategy. Rather, they are necessary for adequately understanding the nature of strategizing. This is because transaction costs are essential aspects of processes of creating, capturing and protecting value. If transaction costs are zero, these processes do not pose any strategic problems; strategizing is trivialized in such a world. When transaction costs are positive, on the other hand, opportunities for value creation through the reduction of inefficiencies caused by transaction costs exist, and protecting and appropriating value are costly activities that dissipate value. Also, contracting and expectations enter as central aspects of strategizing. Arguments are provided for why economizing (with transaction costs) is more fundamental than strategizing (in the sense of exploiting market power). Thus, the paper argues that models in which the fullest possible account of transaction costs is made be used as the proper foundations and benchmarks for economics-based strategy research, rather than the patched-up competitive equilibrium models that are now used, more or less implicitly, as the benchmark in important parts of strategy research, most notably in the resource-based view. URI: http://hdl.handle.net/10398/6911 Files in this item: 1
druid02-04.pdf (448.9Kb) -
some thoughts on the transaction cost foundations of firm strategyFoss, Nicolai Juul (København, 2000)[More information][Less information]
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suppressing margins and entrepreneurshipFoss, Kirsten; Foss, Nicolai Juul (København, 2000)[More information][Less information]
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Foss, Nicolai Juul; Lando, Henrik; Thomsen, Steen (København, 1998)[More information][Less information]