Asset Stock Accumulation and Sustainability of Competitive Advantage

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Ingemar Dierickx; Karel Cool;
(1989)
  • Journal: Management Science, volume 35, issue 12 December, pages 1,504-1,511
  • Identifiers: doi: 10.1287/mnsc.35.12.1504
  • Subject: competitive advantage, resource accumulation, imitation

Given incomplete factor markets, appropriate time paths of flow variables must be chosen to build required stocks of assets. That is, critical resources are accumulated rather than acquired in "strategic factor markets" (Barney [Barney, J. 1986. Strategic factor markets... View more
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