Competitive and Organizational Strategy is designed to develop economists skilled in doing research on a broad variety of firm-related topics. The curriculum is appropriate for students interested in, for example, how relative firm performance is affected by dynamic strategic decisions. Economics and management faculty are actively engaged in theoretical and empirical research on these issues. Weekly economics and management seminars provide students with early access to novel research by both Simon School faculty and world-class speakers from other institutions. Students concentrating in Competitive and Organizational Strategy anticipate employment in the business economics or strategy group at other top tier business schools.
A new paper by Guy Arie and two co-authors offers a new model of multilateral bargaining situations. The paper’s innovation lies in moving beyond bilateral to multilateral negotiations between suppliers—think hospitals and technology firms—and intermediaries, such as insurers and company purchasing departments. Read more about Generalized Insurance Bargaining.
When it comes to group decision making, which kind of structure works best? Simon professor Heikki Rantakari, with Alessandro Bonatti of Sloan School of Management at Massachusetts Institute of Technology, explores the effects of consensus decision making on group performance in “The Politics of Compromise.” The paper was published in American Economic Review.
In a new study, Assistant Professor Jeanine Miklós-Thal shows that retailers can collude more easily on the prices consumers pay by also agreeing among them to pay above-cost wholesale prices and slotting fees to their suppliers. “Colluding Through Suppliers” is the first to look at collusion on wholesale prices as a method to facilitate collusion on output prices.
New research by Simon School assistant professor Guy Arie brings a fresh look at competition among firms that operate in multiple markets. Multimarket firms, common in the United States and world economy, compete in more than one market but don’t overlap in all markets. Companies move in and out of markets all the time as they expand sales and acquire other firms. The decisions they make about price, quantity, and other facets of product management expand or reduce their presence in various regions. Read more about Multimarket Competition.
Jeanine Miklós-Thal and co-author Hannes Ullrich were looking for a way to test whether future career prospects affect current effort incentives when they hit upon the perfect testing ground: European soccer. “Soccer is a nice way to test these incentives,” says Miklós-Thal, assistant professor of economics and marketing at the Simon School. “You need an environment where some people have a chance to be promoted and others do not. You can’t test the same thing in a business environment.” Read more about Understanding Incentive.