Learning through alliances
Article Abstract:
Firms form alliances to achieve complementary strengths in their technical and organizational parameters. The partnership usually starts with goals of producing and sharing knowledge, but fear of opportunistic behavior by their counterpart also exists. However, growth of the knowledge of content and the duration of the alliance diminished this aversion to opportunistic behavior and greater trust in each other is cultivated. This results in greater competence in the management of the alliance and leads to the success of the partnership.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 1993
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Learning from experience, reference points, and decision costs
Article Abstract:
An investigation of whether the outcomes of processes by which individuals learn from experience in economic settings are similar to normative predictions is conducted. Results of the experiment done on three groups of subjects indicate that reference points are used during the learning process. Normative models describing individual behavior are dependent upon the reference point used during learning.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 1995
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Sequential divestiture through initial public offerings
Article Abstract:
The argument that initial public offerings (IPOs) can ameliorate ex-ante transaction costs due to search costs and information asymmetries in the M&A market is developed. The empirical evidence suggests that sequential divestiture is more likely in industries with spatially-dispersed firms and for firms with significant intangible resources.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 2004
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