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- W2912931716 abstract "Product markets are organized through social relations of power and networks of mutual exchange. Powerful firms exert control over prices and contracts. Increasingly they are also adjusting their organizational boundaries, as well as the basic legal and regulatory environment, to favor their or their network’s market power. Firms desire to avoid competition and develop business strategies, from seeking market niches to patent protection to collusion as a means to protect themselves. Market power is a product of closure processes. When that power is used to extract higher prices from customers or lower prices from suppliers, exploitation is operating. Embedded trust is the alternative to exploitation. When powerful firms lobby governments to adjust regulations in their favor or legalize predatory behavior, they are undertaking a claims-making process. These ideas are illustrated with case studies of pharmaceutical, information technology, and financial service industries and with more global analyses of the trade-off between exploitative and embedded exchange and rising between-firm inequality." @default.
- W2912931716 created "2019-02-21" @default.
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- W2912931716 date "2019-01-24" @default.
- W2912931716 modified "2023-09-25" @default.
- W2912931716 title "Organizational Surplus and Rising Inequality" @default.
- W2912931716 doi "https://doi.org/10.1093/oso/9780190624422.003.0008" @default.
- W2912931716 hasPublicationYear "2019" @default.
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