Birger Wernerfelt

Massachusetts Institute of Technology (MIT) - Sloan School of Management

Professor of Management Science Chair, Doctoral Program

100 Main Street

E62-416

Cambridge, MA 02142

United States

SCHOLARLY PAPERS

32

DOWNLOADS
Rank 8,880

SSRN RANKINGS

Top 8,880

in Total Papers Downloads

5,162

SSRN CITATIONS
Rank 18,446

SSRN RANKINGS

Top 18,446

in Total Papers Citations

8

CROSSREF CITATIONS

34

Scholarly Papers (32)

1.

Incomplete Contracts and Renegotiation

MIT Sloan Working Paper No. 4506-04
Number of pages: 25 Posted: 30 Aug 2004
Birger Wernerfelt
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 956 (23,118)
Citation 2

Abstract:

Loading...

Incomplete Contracts, Renegotiation

2.

Why Do We Have Managers?

MIT Sloan Working Paper No. 4505-04
Number of pages: 25 Posted: 30 Aug 2004
Birger Wernerfelt
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 539 (50,343)
Citation 1

Abstract:

Loading...

Firms, managers, renegotiation

3.
Downloads 495 ( 56,101)

Why Should the Boss Own the Assets?

MIT Sloan Working Paper No.
Number of pages: 20 Posted: 11 Dec 1998
Birger Wernerfelt
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 495 (55,470)

Abstract:

Loading...

Why Should the Boss Own the Assets?

Journal of Economics and Management Strategy, Vol. 11, pp. 473-85, 2002
Posted: 29 Aug 2001
Birger Wernerfelt
Massachusetts Institute of Technology (MIT) - Sloan School of Management

Abstract:

Loading...

Asset Ownership, Integration, Theory of the Firm

4.

Resources, Adjustments, and Diversification: Evidence from Production Functions

MIT Sloan Working Paper No. 4277-03
Number of pages: 23 Posted: 28 Jan 2003
Birger Wernerfelt
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 433 (66,160)

Abstract:

Loading...

Diversification, Theory of the Firm, Resource-based View

5.
Downloads 381 ( 76,963)
Citation 2

Organizational Languages

MIT Sloan Working Paper No. 4278-03
Number of pages: 21 Posted: 28 Jan 2003
Birger Wernerfelt
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 374 (77,955)
Citation 2

Abstract:

Loading...

Organizational Languages

Journal of Economics & Management Strategy, Vol. 13, No. 3, pp. 461-472, September 2004
Number of pages: 12 Posted: 30 Aug 2004
Birger Wernerfelt
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 7 (628,503)
  • Add to Cart

Abstract:

Loading...

Organizational Languages

Journal of Economics and Management Strategy, Vol. 13, 2004
Posted: 17 Dec 2003
Birger Wernerfelt
Massachusetts Institute of Technology (MIT) - Sloan School of Management

Abstract:

Loading...

Communication, Organization

6.

The Design of Industry

MIT Sloan Research Paper No. 4604-06
Number of pages: 42 Posted: 23 Mar 2006
Sharon Novak and Birger Wernerfelt
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 367 (80,453)
Citation 3

Abstract:

Loading...

Make-or-buy, Simulated GMM, Adjustment-costs

7.
Downloads 315 ( 95,614)
Citation 1

Governance of Adjustments

MIT Sloan Working Paper No. 4412-03
Number of pages: 39 Posted: 26 Feb 2003
Birger Wernerfelt
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 315 (95,052)
Citation 1

Abstract:

Loading...

Theory of the Firm, Employment Relationship, Contracts

Governance of Adjustments

Journal of Business, Vol. 77, No. 2, April 2004
Posted: 18 Dec 2003
Birger Wernerfelt
Massachusetts Institute of Technology (MIT) - Sloan School of Management

Abstract:

Loading...

theory of the firm, integration, employment

8.
Downloads 270 (112,852)

Robust Incentive Contracts

MIT Sloan Working Paper No. 4448-03
Number of pages: 17 Posted: 26 Nov 2003
Birger Wernerfelt
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 270 (112,273)

Abstract:

Loading...

Theory of the Firm, Employment, Adjustments, Adaptation

Robust Incentive Contracts

Journal of Institutional and Theoretical Economics, 2005
Posted: 30 May 2004
Birger Wernerfelt
Massachusetts Institute of Technology (MIT) - Sloan School of Management

Abstract:

Loading...

Theory of the Firm, Adjustments, Low-powered Incentives

9.

Indirect Adjustment-Costs in Firms and Markets

MIT Sloan Working Paper No. 4336-01
Number of pages: 36 Posted: 08 Mar 2001
Birger Wernerfelt
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 255 (119,823)
Citation 2

Abstract:

Loading...

Theory of the firm, coordination, communication

10.

Communication and Renegotiation

MIT Sloan Working Paper No. 4503-04
Number of pages: 27 Posted: 25 Aug 2004
Birger Wernerfelt
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 249 (122,739)
Citation 1

Abstract:

Loading...

Contract Theory, Communication, Renegotiation

11.

Bounded Rationality Modeling

Marketing Letters, Vol. 43, pp. 197-200, 2003
Number of pages: 16 Posted: 23 Nov 2008
IAE Sorbonne's Business School, University of Paris1, University of Bonn - Economic Science Area, affiliation not provided to SSRN, University of Southern California - Department of Economics, University College London - Centre for Economic Learning and Social Evolution (ELSE), University of Toulouse, University of California at San Diego, affiliation not provided to SSRN, INSEAD, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Columbia Business School - Management & Psychology, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Warwick - Warwick Business School
Downloads 224 (136,388)
Citation 3

Abstract:

Loading...

Decision-making, consumer behavior, procedural rationality, choice functionals, adaptive behavior

Determinants of Asset Ownership: A Study of the Carpentry Trade

MIT Sloan School Working Paper No. 4367-02
Number of pages: 30 Posted: 01 Mar 2002
Duncan Simester and Birger Wernerfelt
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 199 (152,336)
Citation 5

Abstract:

Loading...

Asset Ownership, Theory of the Firm

Determinants of Asset Ownership: A Study of the Carpentry Trade

Review of Economics and Statistics, 2004
Posted: 18 Dec 2003
Duncan Simester and Birger Wernerfelt
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Abstract:

Loading...

Integration, theory of the firm, ownership,assets

13.

Class Pricing

MIT Sloan Research Paper No. 4765-09
Number of pages: 34 Posted: 17 Jan 2008
Birger Wernerfelt
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 109 (249,910)

Abstract:

Loading...

Pricing costs, bargaining costs, incomplete contract

Employment, Markets, Contracts, and the Scope of the Firm

Number of pages: 25 Posted: 19 Dec 2013 Last Revised: 06 Jan 2015
Birger Wernerfelt
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 53 (384,703)

Abstract:

Loading...

organization, institutions, labor

Employment, Markets, Contracts, and the Scope of the Firm

Number of pages: 24 Posted: 07 Dec 2013
Birger Wernerfelt
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 29 (485,338)

Abstract:

Loading...

Theory of the Firm, Institutions, Organization

15.

Costs of Implementation: Bargaining Costs versus Allocative Efficiency

Number of pages: 32 Posted: 01 Oct 2008
Boris Maciejovsky and Birger Wernerfelt
University of Cambridge - MIT Institute and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 68 (334,646)
Citation 3

Abstract:

Loading...

Bargaining Costs, Experiments, Theory of the Firm

16.

Efficient Adaptation Versus Gains from Specialization: Procuring Labor Services

Number of pages: 45 Posted: 12 Mar 2011 Last Revised: 23 Sep 2011
Birger Wernerfelt
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 49 (391,850)
Citation 2

Abstract:

Loading...

Organizations

The Equilibrium Organization of Labor

Number of pages: 43 Posted: 24 Sep 2011 Last Revised: 17 Dec 2013
Birger Wernerfelt
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 25 (508,512)

Abstract:

Loading...

Labor, Organization, Trade

The Equilibrium Organization of Labor

Number of pages: 37 Posted: 20 Dec 2012
Birger Wernerfelt
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 17 (559,868)
Citation 1

Abstract:

Loading...

organization, labor, trade

18.

The Size of Markets and the Scope of Firms

Number of pages: 19 Posted: 16 Mar 2015 Last Revised: 27 Apr 2015
Birger Wernerfelt
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 37 (436,829)
Citation 1

Abstract:

Loading...

19.

On the Existence and Nature of Multi-Business Firms: Double Specialization and Neighboring Businesses

Number of pages: 48 Posted: 07 Dec 2017 Last Revised: 10 Jun 2018
Birger Wernerfelt
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 26 (488,087)

Abstract:

Loading...

multi-business firms, theory of the firm

Renegotiation Facilitates Contractual Incompleteness

Journal of Economics & Management Strategy, Vol. 16, Issue 4, pp. 893-910, Winter 2007
Number of pages: 18 Posted: 05 Nov 2007
Birger Wernerfelt
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 25 (508,512)
  • Add to Cart

Abstract:

Loading...

Renegotiation Facilitates Contractual Incompleteness

Journal of Economics and Management Strategy, Vol. 16
Posted: 08 Dec 2006
Birger Wernerfelt
Massachusetts Institute of Technology (MIT) - Sloan School of Management

Abstract:

Loading...

Incomplete contracts, theory of the firm

21.

Inefficient Pre-Bargaining Search

Number of pages: 23 Posted: 09 Jan 2011
Birger Wernerfelt
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 19 (528,187)
Citation 3

Abstract:

Loading...

Bargaining, Information Acquisition

22.
Downloads 16 (545,791)

Delegation, Committees, and Managers

Journal of Economics & Management Strategy, Vol. 16, No. 1, pp. 35-51, Spring 2007
Number of pages: 17 Posted: 18 Jan 2007
Birger Wernerfelt
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 16 (566,386)
  • Add to Cart

Abstract:

Loading...

Delegation, Committees, and Managers

Journal of Economics and Management Strategy, Vol. 16, 2007
Posted: 19 May 2006
Birger Wernerfelt
Massachusetts Institute of Technology (MIT) - Sloan School of Management

Abstract:

Loading...

Delegation, Committees, Managers, Firms

23.

The Existence and Nature of Multi-Business Firms: Double Specialization and Neighboring Businesses

Number of pages: 46 Posted: 07 Aug 2018
Birger Wernerfelt
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 4 (622,387)

Abstract:

Loading...

24.

On the Grouping of Tasks into Firms: Make‐Or‐Buy with Interdependent Parts

Journal of Economics & Management Strategy, Vol. 21, Issue 1, pp. 53-77, 2012
Posted: 19 Jan 2012
Sharon Novak and Birger Wernerfelt
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 2 (640,107)
  • Add to Cart

Abstract:

Loading...

25.

The Comparative Advantages of Firms, Markets and Contracts: A Unified Theory

Economica, Vol. 82, Issue 326, pp. 350-367, 2015
Number of pages: 18 Posted: 07 Mar 2015
Birger Wernerfelt
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 0 (670,106)
  • Add to Cart

Abstract:

Loading...

26.

Commentaries and Reply to 'Can Brand Extension Signal Product Quality?' by Sridhar Moorthy

Marketing Science, Vol. 31, No. 5, pp. 771-778, 2012, DOI: 10.1287/mksc.1120.0729, Rotman School of Management Working Paper No. 2162983, Tuck School of Business Working Paper No. 2013-112
Posted: 23 Oct 2012
Birger Wernerfelt, Kevin Lane Keller and Sridhar Moorthy
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Dartmouth College - Tuck School of Business and University of Toronto - Rotman School of Management

Abstract:

Loading...

brand extension, signaling, product quality, game theory

27.

A Resource-Based View of the Firm

University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship
Posted: 17 Nov 2009
Birger Wernerfelt
Massachusetts Institute of Technology (MIT) - Sloan School of Management

Abstract:

Loading...

Growth strategies, Firm strategies, Strategic planning, Assets, First-mover advantage, Barriers to entry, Resource model, Firm growth

28.

Bargaining Before or After Communication?

Journal of Institutional and Theoretical Economics, Vol. 164, 2008, MIT Sloan Research Paper No. 1026182
Posted: 12 Nov 2007
Birger Wernerfelt
Massachusetts Institute of Technology (MIT) - Sloan School of Management

Abstract:

Loading...

Bargaining costs, communication, renegotiation

29.

Product Development Resource and the Scope of the Firm

Journal of Marketing, Vol. 69, No. 2, April 2005
Posted: 27 Jan 2005
Birger Wernerfelt
Massachusetts Institute of Technology (MIT) - Sloan School of Management

Abstract:

Loading...

Theory of the firm, Adjustments, resources

30.

Internal Customers and Internal Suppliers

Sloan School Working Paper No. 3759
Posted: 02 Sep 1999
John R. Hauser, Duncan Simester and Birger Wernerfelt
MIT Sloan School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Abstract:

Loading...

31.

On the Nature and Scope of the Firm: An Adjustment-Cost Theory

JOURNAL OF BUSINESS, Vol. 70, No. 4, October 1997
Posted: 24 Sep 1997
Birger Wernerfelt
Massachusetts Institute of Technology (MIT) - Sloan School of Management

Abstract:

Loading...

32.

The Existence and Nature of Multi-Business Firms: Double Specialization and Neighboring Businesses

Number of pages: 48
Birger Wernerfelt
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 0

Abstract:

Loading...

Theory of the firm, multi-business firms