Uncovering the hidden transaction costs of market power: A property rights approach to strategic positioning
Abstract
A central construct in competitive strategy research is market power, the ability to raise price above marginal cost. Positioning research focuses on attempts to build, protect, and exercise market power. However, this approach contains hidden assumptions about transaction costs. Parties made worse off by the exercise of market power can negotiate, bargain, form coalitions, and otherwise contract around the focal firm's attempts to appropriate...
Paper Details
Title
Uncovering the hidden transaction costs of market power: A property rights approach to strategic positioning
Published Date
Nov 14, 2017
Volume
39
Issue
3
Pages
306 - 319
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