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|Title:||First-mover advantage and organizational structure|
|Citation:||Koh, W.T.H. (1993). First-mover advantage and organizational structure. Economics Letters 43 (1) : 47-52. ScholarBank@NUS Repository.|
|Abstract:||This paper looks at first-mover advantage and its effects on organizational structure and size. The framework is the project-selection model and the key assumption is that managers are fallible so that decision-making is imperfect. The analysis suggests that when there is a first-mover advantage, decentralized and smaller organizations, such as the polyarchy and the committee, are preferable since they are speedier in making decisions despite the reduced accuracy in selecting projects. © 1993.|
|Source Title:||Economics Letters|
|Appears in Collections:||Staff Publications|
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