Competitive advantage and performance: the impact of value creation and costliness of imitation
构建产业组织模型，分析资源如何影响产品市场需求与边际成本之差，发现竞争优势、绩效与高资源价值并不总是一致，且资源价值与模仿成本的交互受行业企业数量影响。
Abstract We create an industrial organization type model to relate resources to the spread between product market demand and marginal cost. We define competitive advantage as the cross‐sectional differential in this spread, and performance as the longitudinal differential between what a firm appropriates in the product market and what it paid in the factor market. With factor markets imposing different costs on the innovator and potential imitator(s), competitive advantage, performance, and high resource value do not necessarily coincide. Also, the interaction between resource value and the cost of imitation is complex and affected by the number of firms in the industry. Copyright © 2009 John Wiley & Sons, Ltd.