Archive for February, 2010


| Peter Klein |

This seems like a good idea. Mostly IT stuff but some tagged as economics, knowledge management, etc., and you can also search by keyword.

19 February 2010 at 10:20 am Leave a comment

Call for Papers: 4th Int. Workshop on Org. Design

| Nicolai Foss |

The 1960s and 1970s were the heydays of organizational design theory. Since then it has fallen out of favor in organization theory (see this nice paper), mainly surviving in organizational economics. However, solid and important work has been done on organizational design all along by the likes of Lex Donaldsson and Richard Burton (e.g., here). These two gentlemen have, together with George Huber, Dorte Døjbak Håkonsson, and Charles Snow, organized the “4th International Workshop on Organizational Design,” to take place at Aarhus University’s School of Business, 29-31 May 2010. Here is the Call for Papers.

18 February 2010 at 10:09 am Leave a comment

Unfairly Neglected Papers

| Lasse Lien |

I guess we’ve all read papers thinking: Why isn’t this paper routinely cited and part of the canon of …………. (insert whatever). Here is an example of such a paper — IMHO. Be warned that the abstract isn’t close to doing justice to the paper itself. I would love to see examples of the papers O&M readers think are most unfairly neglected. Of course we all feel that our own papers top this list, but ignoring those, which are they?

17 February 2010 at 3:55 pm 7 comments

Product and Factor Markets in the RBV

| Nicolai Foss |

It is often argued that  firm strategy is fundamentally rooted in various imperfections. Strategic management has long been characterized by an intellectual division of labor in which the resource-based view handled (strategic) factor market imperfections and various positioning approaches took care of product market imperfections. This dichotomy is beginning to break down. Two recent papers, one a theory of science-based piece, the other a theory piece, discuss the product/factor market dichotomy and show why it is problematic.

In “Theoretical Isolation and the Resource-based View: Symmetry Requirements and the Separation Between Product and Factor Markets,” Niklas Hallberg and yours truly argue that the RBV treats factor markets as imperfect and product markets as perfect (an approach that we argue is adopted from mainstream economics and its tendency to work with on-off assumptions). We argue that this asymmetry is problematic, as there is a general case to be made for symmetrical assumptions and as it borders on logical inconsistency to assume — within the same model — that one set of markets is perfect and another set is imperfect. The paper isn’t online, but you can email me at for a copy. (Abstract below).

In “Chicken, Stag, or Rabbit? Strategic Factor Markets and the Moderating Role of Downstream Competition,” my CBS (Center for Strategic Management and Globalization) colleague, Dr. Christian Geisler Asmussen, models various deviations from perfect(ly competitive) product markets and shows how these impacts firms’ factor market behaviors and whether they can derive rents from resources purchased on these markets. I believe this is the first systematic study of its kind in the literature (and there are some seriously counter-intuitive findings in it). Very highly recommended! (more…)

17 February 2010 at 6:04 am 1 comment

ACAC Paper Submission Deadline Extended

| Peter Klein |

Due to all the weather-related foul-ups of the last couple of weeks the organizers of the Atlanta Competitive Advantage Conference have graciously extended the submission deadline through this Friday, 19 February 2010. The conference itself is 18-20 May 2010 in (duh) Atlanta. Click the link above for submission information.

ACAC is an O&M favorite, so make plans to participate!

16 February 2010 at 11:11 am 1 comment

Williamson Tribute in California Management Review

| Peter Klein |

Six new essays on Oliver Williamson by Haas School colleagues appear in the new issue of the California Management Review. They’re behind a subscription firewall, but just $6 a pop. Check ’em out:

Institutions, Politics, and Non-Market Strategy
de Figueiredo, Jr., Rui J.P.

Holdup: Implications for Investment and Organization
Hermalin, Benjamin E.

Antitrust Economics
Shapiro, Carl

Regulation: A Transaction Cost Perspective
Spiller, Pablo T.

Williamson’s Contribution and Its Relevance to 21st Century Society
Tadelis, Steven

Williamson’s Impact on the Theory and Practice of Management
Teece, David J.

Thanks to Mike Cook for the tip.

15 February 2010 at 8:43 am 1 comment

Mizzou Seminar on Evolutionary Models in Economics and Organization Theory

| Peter Klein |

Thanks largely to the organizing efforts of my colleague and former O&M guest blogger Randy Westgren, a group here at Missouri is examining evolutionary models in economics and organization theory. The centerpiece is a philosophy of science seminar directed by André Ariew, a leading American scholar in the philosophy of biology, especially Darwin and evolutionary theory.

I’ll let Randy explain:

The course is PHL 9830. Normally it is a traditional philosophy of science seminar aimed at graduate students in the department of philosophy, but we hijacked it to examine a specific theme. The subject focus is evolutionary theory applied to biology, economics, and management. There are three general types of questions we ask, (a) clarification, (b) conceptual, and (c) general philosophy of science. (more…)

13 February 2010 at 11:55 pm 1 comment

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Our Recent Books

Nicolai J. Foss and Peter G. Klein, Organizing Entrepreneurial Judgment: A New Approach to the Firm (Cambridge University Press, 2012).
Peter G. Klein and Micheal E. Sykuta, eds., The Elgar Companion to Transaction Cost Economics (Edward Elgar, 2010).
Peter G. Klein, The Capitalist and the Entrepreneur: Essays on Organizations and Markets (Mises Institute, 2010).
Richard N. Langlois, The Dynamics of Industrial Capitalism: Schumpeter, Chandler, and the New Economy (Routledge, 2007).
Nicolai J. Foss, Strategy, Economic Organization, and the Knowledge Economy: The Coordination of Firms and Resources (Oxford University Press, 2005).
Raghu Garud, Arun Kumaraswamy, and Richard N. Langlois, eds., Managing in the Modular Age: Architectures, Networks and Organizations (Blackwell, 2003).
Nicolai J. Foss and Peter G. Klein, eds., Entrepreneurship and the Firm: Austrian Perspectives on Economic Organization (Elgar, 2002).
Nicolai J. Foss and Volker Mahnke, eds., Competence, Governance, and Entrepreneurship: Advances in Economic Strategy Research (Oxford, 2000).
Nicolai J. Foss and Paul L. Robertson, eds., Resources, Technology, and Strategy: Explorations in the Resource-based Perspective (Routledge, 2000).