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Organizational Factors in the Theory of Oligopoly

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  • R. M. Cyert
  • James G. March

Abstract

Introduction, 44. — I. Motivational assumptions, 46. — II. The planning process, 49. — III. Organizational slack, 53. — IV. Empirical relevance, 55. — V. Theoretical relevance, 58. — VI. Summary, 62.

Suggested Citation

  • R. M. Cyert & James G. March, 1956. "Organizational Factors in the Theory of Oligopoly," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(1), pages 44-64.
    • Handle: RePEc:oup:qjecon:v:70:y:1956:i:1:p:44-64.
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    Cited by:

    1. Mie Augier & Michael Prietula, 2007. "Perspective---Historical Roots of the A Behavioral Theory of the Firm Model at GSIA," Organization Science, INFORMS, vol. 18(3), pages 507-522, June.
    2. Pinar Sener Tournus & Fatma Didin‐Sonmez & Elif Akben‐Selcuk, 2023. "How does the economic policy uncertainty affect the relationship between financial slack and firm performance in emerging countries?," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(1), pages 171-186, January.
    3. Henri Savall & Véronique Zardet, 2013. "La RSE, lien entre l'individu, l'organisation et la société : nouvel énoncé de la théorie socio-économique," Post-Print halshs-01860069, HAL.
    4. Josep Mª Argilés-Bosch & Josep García-Blandón & Diego Ravenda & Maika M. Valencia-Silva & Antonio D. Somoza, 2017. "The influence of the trade-off between profitability and future increases in sales on cost stickiness," Estudios de Economia, University of Chile, Department of Economics, vol. 44(1 Year 20), pages 81-104, June.
    5. Werner Güth & Maria Vittoria Levati & Matteo Ploner, 2012. "Satisficing And Prior‐Free Optimality In Price Competition," Economic Inquiry, Western Economic Association International, vol. 50(2), pages 470-483, April.
    6. Matzke, Christina & Wirth, Benedikt, 2008. "A non-standard approach to a market with boundedly rational consumers and strategic firms. Part I: A microfoundation for the evolution of sales," Bonn Econ Discussion Papers 10/2008, University of Bonn, Bonn Graduate School of Economics (BGSE).
    7. Sharon Belenzon & Ulya Tsolmon, 2016. "Market frictions and the competitive advantage of internal labor markets," Strategic Management Journal, Wiley Blackwell, vol. 37(7), pages 1280-1303, July.
    8. Duffy, John, 2006. "Agent-Based Models and Human Subject Experiments," Handbook of Computational Economics, in: Leigh Tesfatsion & Kenneth L. Judd (ed.), Handbook of Computational Economics, edition 1, volume 2, chapter 19, pages 949-1011, Elsevier.
    9. repec:ebl:ecbull:v:3:y:2002:i:3:p:1-7 is not listed on IDEAS
    10. Armstrong, Mark & Huck, Steffen, 2010. "Behavioral economics as applied to firms: a primer," MPRA Paper 20356, University Library of Munich, Germany.
    11. Nolan Miller & Karen Eggleston & Richard Zeckhauser, 2006. "Provider choice of quality and surplus," International Journal of Health Economics and Management, Springer, vol. 6(2), pages 103-117, June.
    12. Steffen Huck & Kai A. Konrad & Wieland Müller & Hans-Theo Normann, 2007. "The Merger Paradox and why Aspiration Levels Let it Fail in the Laboratory," Economic Journal, Royal Economic Society, vol. 117(522), pages 1073-1095, July.
    13. Richard A. Wald, 1979. "Profit Maximizing Behavior in Concentrated Industries," The American Economist, Sage Publications, vol. 23(2), pages 44-49, October.
    14. P.P.M.A.R. Heugens, 2004. "A Neo-Weberian Theory of the Firm," Working Papers 04-02, Utrecht School of Economics.
    15. Godoy-Bejarano, Jesús M. & Ruiz-Pava, Guillermo A. & Téllez-Falla, Diego F., 2020. "Environmental complexity, slack, and firm performance," Journal of Economics and Business, Elsevier, vol. 112(C).
    16. Matzke, Christina & Wirth, Benedikt, 2009. "Product Pricing when Demand Follows a Rule of Thumb," Bonn Econ Discussion Papers 3/2009, University of Bonn, Bonn Graduate School of Economics (BGSE).
    17. Miklós Antal & Ardjan Gazheli & Jeroen C.J.M. van den Bergh, 2012. "Behavioural Foundations of Sustainability Transitions. WWWforEurope Working Paper No. 3," WIFO Studies, WIFO, number 46424.
    18. Josep M. Argilés-Bosch & Josep Garcia-Blandón & Diego Ravenda & Mónica Martínez-Blasco, 2018. "An empirical analysis of the curvilinear relationship between slack and firm performance," Journal of Management Control: Zeitschrift für Planung und Unternehmenssteuerung, Springer, vol. 29(3), pages 361-397, December.
    19. Auger, Felipe & Ignacio Guzmán, Juan, 2010. "How rational are investment decisions in the copper industry?," Resources Policy, Elsevier, vol. 35(4), pages 292-300, December.
    20. Steffen Huck & Brian Wallace, 2002. "Reciprocal strategies and aspiration levels in a Cournot-Stackelberg experiment," Economics Bulletin, AccessEcon, vol. 3(3), pages 1-7.
    21. Wakeley, Timothy M., 1997. "The output decision of the firm -- A behavioural algorithm," Journal of Economic Psychology, Elsevier, vol. 18(1), pages 111-121, February.

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