English, Article, Journal or magazine article edition: Strategic factor markets: Bargaining, scarcity, and resource complementarity Adegbesan, Tunji

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Bookmark: http://trove.nla.gov.au/version/170598
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Strategic factor markets: Bargaining, scarcity, and resource complementarity
Author
  • Adegbesan, Tunji
Physical Description
  • preprint
Notes
  • Strategic factor market theory suggests that without luck or asymmetric expectations, firms can't appropriate gains from acquired resources. Adopting the bargaining perspective on resource advantage, we hold that this is only true in the absence of resource complementarity. We extend factor market theory to account for resource complementarity, and we show that firms can profit when they exhibit superior complementarity to target resources, even in the absence of asymmetric expectations. Thus we provide an alternative interpretation of managers' recent emphasis on externally acquired resources.
  • Complementarity; bargain perspective; value appropriation; resource acquisition; asymmetric expectation;
  • RePEc:ebg:iesewp:d-0666
Language
  • English
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