Toward a theory of entrepreneurial rents: A simulation of the market process
用合作博弈论模拟市场过程,区分创业租金与结构性租金,为创业战略中的企业边界和资源分配提供启示。
While strategy theory relies heavily on equilibrium theories of economic rents such as R icardian 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 . Copyright © 2013 John Wiley & Sons, Ltd.