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A Rational-expectations revision of Makadok's resource/capability synthesis
Makadok (2001) has recently developed a mathematical model aimed at synthesizing the resource-based and dynamic-capabilities views of the rents creation process. One unstated implicit assumption in that model is that each bidding firm in the resource market is ignorant not only of the content of rival firms' private information, but also of the quality of that information. Consequently, that model does not qualify as a rational-expectations Bayesian Nash equilibrium - a fact that both generates questionable results and impedes an effort to extend the model. The primary purpose of this study is the put Makadok's model on the firmer methodological footing of rational-expectations Bayesian Nash equilibrium, so that it will no longer generate questionable results, and so that future researchers can more easily extend it. The secondary purpose is to demonstrate that this shift to rational-expectations assumptions has little substantive impact on the testable hypotheses generated by Makadok's original model.Printed Journal
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| PSB lt.dasar - Pascasarjana | 1 |
| Penerbit | John Wiley & Sons., |
|---|---|
| Edisi | - |
| Subjek | Strategic management Mathematical models Rational Expectations Bids |
| ISBN/ISSN | 1432095 |
| Klasifikasi | - |
| Deskripsi Fisik | - |
| Info Detail Spesifik | - |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas | Tidak Ada Data |