Birger wernerfelt biography channel

Birger Wernerfelt. Birger Wernerfelt Birger Wernerfelt is an economist and management theorist. Look at other dictionaries: Resource-based view — The resource based view RBV is an economic tool used to determine the strategic resources available to a firm. Dictionaries export , created on PHP,. Academy of Management Journal 33 3 , , Determinants of firm performance: The relative importance of economic and organizational factors GS Hansen, B Wernerfelt Strategic management journal 10 5 , , Defensive marketing strategy by customer complaint management: a theoretical analysis C Fornell, B Wernerfelt Journal of Marketing research 24 4 , , Under the assumptions of the model, there exist three regions in which firms, markets, and sequences of bilateral contracts are weakly more efficient than all other mechanisms in a big class.

Echoing the management literature, the firm grows as long as it can use specialized employees to perform the new tasks. The scope of the firm is determined by the point at which this no longer is possible. As part of this stream, Wernerfelt has written several papers on the nature and incidence of bargaining costs. In other works, he has developed implications of the theory to show that the employer should own most of the productive assets, that incentives are weaker inside firms, and that more information is communicated within than between firms.

Birger wernerfelt biography channel

In the book, "Adaptation, Specialization, and the Theory of the Firm: Foundations of the Resource-Based View" , Wernerfelt starts with his economic theory of the firm and derives the Resource-Based View, thus showing that the two perspectives are consistent. Wernerfelt's works has influenced a significant amount of scholarship in his own and adjacent fields.

Hunt , Harbir Singh , David Teece and many others. Articles, a selection: [ 3 ]. Assistant Professor of Policy and Control. Department of Economics. Research Fellow in Mathematical Economics. Vice President, Strategic Planning. Fellow of the International Academy of Management. Fellow of the World Innovation Foundation. Pashigian Lecturer, University of Chicago , Hightower Distinguished Lecturer, Emory University , Finalist, J.

Note: All articles are the sole copyright of the respective publishers. Materials are provided for educational use only. Simester , Review of Economics and Statistics, 87, no. S3-S24, Montgomery , American Economic Review, 78, no. Simester, John R. Hauser and Duncan I. Marketing Science , 16, no. Simester , Journal of Marketing Research , 33, no.

Journal of Marketing Research, 33, no. Simester , Marketing Science , 13, no. Montgomery , Journal of Business , 65, no. Industry Effects in the U. Montgomery Management Science, 37, no. Hauser , Journal of Consumer Research, 16, no. Hauser , Journal of Marketing Research, 26, no. Coughlan , Management Science, 35, no. Abbreviated version in Incentive , September