The Resource-Advantage Theory of Competition: Toward Explaining Productivity and Economic Growth

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Abstract

The major thesis of this article is that combining the resource-based theory of the firm with Austrian economics and heterogeneous demand theory provides the foundations for a new theory of competition, the resource-advantage theory. This new theory has macro and public policy implications. Specifically, when compared with neoclassical perfect competition theory, the resource-advantage theory better explains productivity and economic growth.

Original languageEnglish
Pages (from-to)317-332
Number of pages16
JournalJournal of Management Inquiry
Volume4
Issue number4
DOIs
StatePublished - Dec 1995

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