Resource-Advantage Theory: A Snake Swallowing Its Tail or a General Theory of Competition?

1997 ◽  
Vol 61 (4) ◽  
pp. 74-82 ◽  
Author(s):  
Shelby D. Hunt ◽  
Robert M. Morgan
Keyword(s):  
General Theory ◽  
Perfect Competition ◽  
New Paradigm ◽  
Competition Theory ◽  
Resource Advantage Theory ◽  
Level Analysis ◽  
Resource Advantage

Deligönül and çavuşgil (1997) conduct a paradigm-level analysis of resource-advantage (R-A) theory. They argue that (1) Hunt and Morgan (1995) offer resource-advantage theory as a replacement for perfect competition theory, (2) a successful challenger to any theory must come from a new paradigm, (3) but both perfect competition and R-A theory come from the same paradigm. Therefore, (4) the replacement thesis is dubious. We evaluate their argument.

scholarly journals Teori persaingan sempurna neoklasik digugat

2017 ◽  
Vol 11 (2) ◽  
Author(s):  
Lerbin R Aritonang
Keyword(s):  
Scientific Community ◽  
Perfect Competition ◽  
Neoclassical Theory ◽  
Competition Theory ◽  
Resource Advantage Theory ◽  
Better Than ◽  
Resource Advantage

In 1995, Hunt and Morgan ( 1995) proposed new theory of competition, namely the resource advantage theory of competition. The theory were explicated·and contrasted with the neoclassical theory of perfect competition. They argued that the new theory of competition explains key macro and micro phenomena better Than neoclassical competition theory. This article describes the new theory and responses of scientific community.

The Survival Benefits of Service Intensity for New Manufacturing Ventures: A Resource-Advantage Theory Perspective

2019 ◽  
Vol 22 (4) ◽  
pp. 352-370 ◽  
Author(s):  
Pankaj C. Patel ◽  
John A. Pearce ◽  
Maria J. Guedes
Keyword(s):  
Empirical Study ◽  
Labor Productivity ◽  
New Ventures ◽  
Current Ratio ◽  
Service Intensity ◽  
Self Selection ◽  
Comprehensive Data ◽  
Resource Advantage Theory ◽  
Established Firms ◽  
Resource Advantage

We investigate the association between service intensity and the survival odds of new manufacturing ventures. Although previous research extensively addresses the value of servitization in established firms, this is the first empirical study that asks whether service intensity, defined as the percentage of sales from services, is beneficial or detrimental to new ventures. Drawing on resource-advantage theory, we further ask whether, under increasing service intensity, new ventures with a higher industry-adjusted ratio of tangible to total assets, labor productivity, or current ratio improve survival odds. Based on a comprehensive data on 6,683 new Portuguese manufacturing ventures founded between 2006 and 2010 and followed until 2015 (33,272 venture-year observations), the results show that higher service intensity lowers the odds of survival. For entrepreneurs, we caution against higher service intensity but demonstrate that survival odds can improve under increasing service intensity when the company can achieve a higher industry median–adjusted ratio of tangible to total assets, improved labor productivity, or a stronger current ratio position. The findings are robust after controlling for endogeneity and self-selection into services.

What Walrasian Marxism Can and Cannot Do

1992 ◽  
Vol 8 (1) ◽  
pp. 149-156 ◽  
Author(s):  
John Roemer
Keyword(s):  
General Theory ◽  
Technological Change ◽  
Scientific Method ◽  
Class Formation ◽  
Perfect Competition ◽  
Real Thing ◽  
The Real ◽  
Labor Power ◽  
Special Case ◽  
Method Strip

In their article “Roemer's ‘General’ Theory of Exploitation is a Special Case: The Limits of Walrasian Marxism,” Devine and Dymski portray me as some sort of Walrasian automaton who believes that phenomena that are not easily modelled using the Walrasian model of perfect competition do not exist. Their criticism of my theory assumes that I was attempting to model capitalism in its entirety, a task that, I agree, I failed to do. I did not propose a theory of accumulation, or of technological change, or of the methods by which capitalists maintain their ideological hegemony over workers, or of the methods by which they extract labor from labor power at the point of production. I was not, in short, trying to write an alternative to Das Kapital. My General Theory of Exploitation and Class (GTEC), as its Introduction explained, was an attempt at understanding the root causes of exploitation and class, so as to better understand how class formation and exploitation might occur in postcapitalist societies. To this end, I adopted a well-known scientific method: strip away many real aspects of the thing under study down to a minimal skeleton and see how many phenomena descriptive of the real thing one can generate. Then add more real aspects of the thing to the model, and see how much more one can generate.

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