Toward a theory of entrepreneurial rents: A simulation of the market process

Simple item page
dc.contributor.authorKeyhani, Mohammaden_US
dc.contributor.authorLévesque, Morenen_US
dc.contributor.authorMadhok, Anoopen_US
dc.date.accessioned2014-11-21T20:19:58Z
dc.date.available2014-11-21T20:19:58Z
dc.date.issued2014-01-02
dc.description.abstractWhile strategy theory relies heavily on equilibrium theories of economic rents such as Ricardian and monopoly rents, we do not yet have a comprehensive theory of disequilibrium or entrepreneurial rents. We use cooperative game theory to structure computer simulations of the market process in which acts of creation and discovery disequilibrate and equilibrate the market over time. Using simulation experiments, entrepreneurial rents can be isolated from structural rents by keeping initial structural advantages constant. We impute entrepreneurial rents to underlying actions of creation and discovery under various combinations. Our results have relevant implications for entrepreneurship strategy, particularly for firm boundaries and resource allocation decisions.en_US
dc.description.grantingagencyNSERCen_US
dc.description.refereedYesen_US
dc.identifier.citationKeyhani, M., Lévesque, M. and Madhok, A. (2014), Toward a theory of entrepreneurial rents: A simulation of the market process. Strat. Mgmt. J.. doi: 10.1002/smj.2203en_US
dc.identifier.department14460en_US
dc.identifier.doihttp://dx.doi.org/10.11575/PRISM/34114
dc.identifier.grantnumber#341679-2007en_US
dc.identifier.issn1097-0266
dc.identifier.urihttp://hdl.handle.net/1880/50261
dc.language.isoengen_US
dc.publisherWileyen_US
dc.publisher.corporateUniversity of Calgaryen_US
dc.publisher.facultyHaskayne School of Businessen_US
dc.publisher.urlhttp://onlinelibrary.wiley.com/doi/10.1002/smj.2203/abstracten_US
dc.subjectEntrepreneurshipen_US
dc.subjectStrategyen_US
dc.subjectAustrian Economicsen_US
dc.subject.otherEntrepreneurial Rentsen_US
dc.subject.otherDisequilibriumen_US
dc.subject.otherSimulationen_US
dc.subject.otherCooperative Game Theoryen_US
dc.titleToward a theory of entrepreneurial rents: A simulation of the market processen_US
dc.typejournal article
thesis.degree.disciplineHaskayne School of Businessen_US
Files
Original bundle
Now showing 1 - 2 of 2
No Thumbnail Available
Name:
Keyhani et al (2013) - Toward a theory of entrepreneurial rents.pdf
Size:
1.2 MB
Format:
Adobe Portable Document Format
Description:
Main article
Download
Thumbnail Image
Name:
Keyhani et al - Online Supplement v4.pdf
Size:
623.03 KB
Format:
Adobe Portable Document Format
Description:
Online supplement
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.84 KB
Format:
Item-specific license agreed upon to submission
Description:
Download
Collections
Haskayne School of Business Research & Publications