Random Walks and Sustained Competitive Advantage

References

• Alchian A. A. Uncertainty evolution, and economic theory. J. Political Econom. (1950) 58:211–222Crossref, Google Scholar
• Argote L.Organizational Learning—Creating Retaining and Transferring Knowledge (1999) (Kluwer Academic, Boston, MA) Google Scholar
• Arthur B. W. Competing technologies increasing returns, and lock-in by historical events. Econom. J. (1989) 99:116–131Crossref, Google Scholar
• Barnett W. P., Hansen M. T. The Red Queen in organizational evolution. Strategic Management J. (1996) 17:139–157Crossref, Google Scholar
• Barney J. B. Strategic factor markets: Expectations luck, and business strategy. Management Sci. (1986) 32:1231–1241Link, Google Scholar
• Barney J. B. Firm resources and sustained competitive advantage. J. Management (1991) 17:99–120Crossref, Google Scholar
• Barney J. B., Garud R., Nayyar P., Shapira Z. On flipping coins and making technology choices: Luck as an explanation of technological foresight and oversight. Technological Innovation: Oversights and Foresights(Cambridge University Press, Cambridge, U.K.) 13–19Google Scholar
• Bukszar E. Strategic bias: The impact of cognitive biases on strategy. Canadian J. Admin. Sci. (1999) 16:105–117Crossref, Google Scholar
• Clark R., Davies S., Waterson M. The profitability-concentration relation: Market power of efficiency. J. Indust. Econom. (1984) 32:435–450Crossref, Google Scholar
• Cockburn I. M., Henderson R. M., Stern S. Untangling the origins of competitive advantage. Strategic Management J. (2000) 21:1123–1145Crossref, Google Scholar
• Cubbin J., Geroski P. The convergence of profits in the long run: Inter-firm and inter-industry comparisons. J. Indust. Econom. (1987) 35:427–442Crossref, Google Scholar
• Demsetz H. Industry structure market rivalry, and public policy. J. Law Econom. (1973) 16:1–10Crossref, Google Scholar
• Dierickx I., Cool K. Asset stock accumulation and sustainability of competitive advantage. Management Sci. (1989) 35:1504–1511Link, Google Scholar
• Dosi G. Sources procedures, and microeconomic effects of innovation. J. Econom. Lit. (1988) 26:1120–1171Google Scholar
• Fama E. F., French K. R. Forecasting profitability and earnings. J. Bus. (2000) 73:161–175Crossref, Google Scholar
• Feller W.An Introduction to Probability Theory and Its Applications (1968) 13rd ed.(John Wiley and Sons, New York) Google Scholar
• Feller W.An Introduction to Probability Theory and Its Applications (1971) 2(John Wiley and Sons, New York) Google Scholar
• Fischhoff B. Hindsight ≠ foresight: The effect of outcome knowledge on judgment of uncertainty. J. Experiment. Psych.: Human Perception Performance (1975) 1:288–299Crossref, Google Scholar
• Fischhoff B., Kahneman D., Slovic P., Tversky A. For those condemned to study the past: Heuristsics and biases in hindsight. Judgment Under Uncertainty: Heuristics and Biases(Cambridge University Press, Cambridge) 335–351Google Scholar
• Foster G.Financial Statement Analysis (1986) (Prentice Hall, Englewood Cliffs NJ) Google Scholar
• Ghernawat P.Commitment: The Dynamics of Strategy(Free Press, New York) Google Scholar
• Gibrat R.Les Inégalités Économiques (1931) (Sirey, Paris France) Google Scholar
• Greve H. R. Performance aspirations, and risky organizational change. Admin. Sci. Quart. (1998) 43:58–86Crossref, Google Scholar
• Henderson R. L., Baum J., Dobbin F. Luck leadership, and strategy. Economics meets Sociology in Strategic Management, Advances in Strategic Management (2000) (17. JAI Press, Greenwich, CT) Crossref, Google Scholar
• Ingram P., Baum J. A. C. Opportunity and constraint: Organization's learning from the operating and competitive experience of industries. Strategic Management J. (1997) 18:75–98Crossref, Google Scholar
• Kahneman D., Tversky A. Subjective probability: A judgment of representativeness. Cognitive Psych. (1972) 3:430–454Crossref, Google Scholar
• Karlin S., Taylor H. M.A Second Course in Stochastic Processes (1981) (Academic Press, San Diego, CA) Google Scholar
• Levinthal D. A. Random walks and organizational mortality. Admin. Sci. Quart. (1991) 36:397–420Crossref, Google Scholar
• Levinthal D. A., March J. G. A model of adaptive organizational search. J. Econom. Behavior Organ. (1981) 2:307–333Crossref, Google Scholar
• Lippman S. A., Rumelt R. Uncertain imitability: An analysis of interfirm differences in efficiency under competition. Bell J. Econom. (1982) 13:418–438Crossref, Google Scholar
• Mancke R. B. Causes of interfirm profitability differences: A new interpretation of the evidence. Quart. J. Econom. (1974) 88:181–193Crossref, Google Scholar
• McGahan A. M. The performance of U.S. corporations 1981–1994. J. Indust. Econom. (1999) 48:373–398Google Scholar
• McGahan A. M., Porter M. E. How much does industry matter, really? Strategic Management J. (1997) 18:15–30Crossref, Google Scholar
• Miller D. The architecture of simplicity. Acad. Management Rev. (1993) 18:116–138Crossref, Google Scholar
• Mueller D. C.Profits in the Long Run (1986) (Cambridge University Press, Cambridge, U.K.) Crossref, Google Scholar
• Mueller D. C.The Dynamics of Company Profits: An International Comparison (1990) (Cambridge University Press, Cambridge U.K.) Crossref, Google Scholar
• Muth J. F. Search theory and the manufacturing progress function. Management Sci. (1986) 32:948–962Link, Google Scholar
• Nelson R., Winter S. G.An Evolutionary Theory of Economic Change (1982) (Harvard University Press, Cambridge, MA) Google Scholar
• Nickell S. Biases in dynamic models with fixed effects. Econometrica (1981) 49:1417–1426Crossref, Google Scholar
• Noda T., Collis D. J. The evolution of intraindustry firm heterogeneity: Insights from a process study. Acad. Management J. (2001) 44:897–925Crossref, Google Scholar
• Peteraf M. The cornerstones of competitive advantage: A resource-based view. Strategic Management J. (1993) 14:179–191Crossref, Google Scholar
• Rumelt R. P., Lamb R. B. Towards a strategic theory of the firm. Competitive Strategic Management (1984) (Prentice-Hall, Englewood Cliffs, NJ) Google Scholar
• Rumelt R. P. How much does industry matter? Strategic Management J. (1991) 12:167–185Crossref, Google Scholar
• Schmalensee R. Collusion versus differential efficiency: Testing alternative hypotheses. J. Indust. Econom. (1987) 35:399–425Crossref, Google Scholar
• Simon H. A. On a class of skew distribution functions. Biometrika (1955) 52:425–440Crossref, Google Scholar
• Steindl J.Random Processes and the Growth of Firms: A Study of the Pareto Law (1965) (Hafner, New York) Google Scholar
• Stinchcombe A. L., Baum J., Dobbin F. Social structure and organizations: A comment. Economics Meets Sociology in Strategic Management, Advances in Strategic Management (2000) (17. JAI Press, Greenwich, CT) Crossref, Google Scholar
• Teece D. J., Pisano G., Shuen A. Dynamic capabilities and strategic management. Strategic Management J. (1997) 8:509–533Crossref, Google Scholar
• Tune G. S. Response preferences: A review of some relevant literature. Psych. Bull. (1964) 61:286–302Crossref, Google Scholar
• Tushman M. L., Anderson P. Technological discontinuities and organizational environments. Admin. Sci. Quart. (1986) 31:439–465Crossref, Google Scholar
• Wagenaar W. A., Sanders A. F. Subjective randomness and the capacity to generate information. Acta Psych. (1970) 33:233–242Attention and Performance, IIICrossref, Google Scholar
• Waring G. F. Industry differences in the persistence of firm-specific returns. Amer. Econom. Rev. (1996) 86:1253–1265Google Scholar
• Wiggins R. R., Ruefli T. W. Sustained competitive advantage: Temporal dynamics and the incidence and persistence of superior economic performance. Organ. Sci. (2002) 13:82–105Link, Google Scholar
• Zollo M., Winter S. Deliberate learning and the evolution of dynamic capabilities. Organ. Sci. (2002) 13:339–351Link, Google Scholar