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

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

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SCHOLARLY PAPERS

29

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20

Scholarly Papers (29)

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1.

Incomplete Contracts and Renegotiation

Number of pages: 25 Posted: 30 Aug 2004
Birger Wernerfelt
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 1,001 (39,666)
Citation 2

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Incomplete Contracts, Renegotiation

2.

Why Do We Have Managers?

Number of pages: 25 Posted: 30 Aug 2004
Birger Wernerfelt
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 579 (81,876)
Citation 2

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Firms, managers, renegotiation

3.

Why Should the Boss Own the Assets?

Downloads 513 (95,264)

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 513 (94,266)

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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

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Asset Ownership, Integration, Theory of the Firm

4.

Resources, Adjustments, and Diversification: Evidence from Production Functions

Number of pages: 23 Posted: 28 Jan 2003
Birger Wernerfelt
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 453 (110,600)
Citation 1

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Diversification, Theory of the Firm, Resource-based View

5.

Organizational Languages

Downloads 394 (130,077)
Citation 4

Organizational Languages

Number of pages: 21 Posted: 28 Jan 2003
Birger Wernerfelt
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 394 (128,954)
Citation 2

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Organizational Languages

Posted: 17 Dec 2003
Birger Wernerfelt
Massachusetts Institute of Technology (MIT) - Sloan School of Management

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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 385 (133,565)
Citation 4

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

7.

Governance of Adjustments

Downloads 325 (160,585)
Citation 1

Governance of Adjustments

Number of pages: 39 Posted: 26 Feb 2003
Birger Wernerfelt
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 325 (159,528)
Citation 1

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Theory of the Firm, Employment Relationship, Contracts

Governance of Adjustments

Posted: 18 Dec 2003
Birger Wernerfelt
Massachusetts Institute of Technology (MIT) - Sloan School of Management

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theory of the firm, integration, employment

8.

Robust Incentive Contracts

Downloads 280 (187,570)

Robust Incentive Contracts

Number of pages: 17 Posted: 26 Nov 2003
Birger Wernerfelt
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 280 (186,600)

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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

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Theory of the Firm, Adjustments, Low-powered Incentives

9.

Bounded Rationality Modeling

Marketing Letters, Vol. 43, pp. 197-200, 2003
Number of pages: 16 Posted: 23 Nov 2008
Bertrand Munier, Reinhard Selten, Denis Bouyssou, Richard H. Day, Nigel Harvey, Denis Hilton, Mark J. Machina, Parker Barrile, Philip M. Parker, John Sterman, Elke U. Weber, Birger Wernerfelt and Robin Wensley
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, Princeton University - Department of Psychology, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Warwick - Warwick Business School
Downloads 273 (192,562)
Citation 11

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

10.

Indirect Adjustment-Costs in Firms and Markets

Number of pages: 36 Posted: 08 Mar 2001
Birger Wernerfelt
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 268 (196,082)
Citation 4

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Theory of the firm, coordination, communication

11.

Communication and Renegotiation

Number of pages: 27 Posted: 25 Aug 2004
Birger Wernerfelt
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 260 (202,093)
Citation 2

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Contract Theory, Communication, Renegotiation

12.

Determinants of Asset Ownership: A Study of the Carpentry Trade

Downloads 231 (227,001)
Citation 6

Determinants of Asset Ownership: A Study of the Carpentry Trade

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 231 (226,224)
Citation 6

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Asset Ownership, Theory of the Firm

Determinants of Asset Ownership: A Study of the Carpentry Trade

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

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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 128 (376,478)

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Pricing costs, bargaining costs, incomplete contract

14.

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

Downloads 108 (426,578)

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 65 (589,760)

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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 43 (717,018)

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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 80 (517,834)
Citation 5

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Bargaining Costs, Experiments, Theory of the Firm

16.

The Equilibrium Organization of Labor

Downloads 71 (554,229)

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 37 (760,839)

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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 34 (784,167)
Citation 1

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organization, labor, trade

17.

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 63 (589,896)
Citation 2

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Organizations

18.

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 55 (630,185)

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multi-business firms, theory of the firm

19.

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 49 (663,434)
Citation 2

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20.

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

Downloads 42 (706,714)

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 21 (900,107)

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

Number of pages: 48 Posted: 26 Sep 2019
Birger Wernerfelt
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 21 (900,107)

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Theory of the firm, multi-business firms

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 31 (786,163)
Citation 4

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Bargaining, Information Acquisition

22.

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

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brand extension, signaling, product quality, game theory

23.

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

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

24.

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

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Bargaining costs, communication, renegotiation

25.

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

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Incomplete contracts, theory of the firm

26.

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

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Delegation, Committees, Managers, Firms

27.

Product Development Resource and the Scope of the Firm

Posted: 27 Jan 2005
Birger Wernerfelt
Massachusetts Institute of Technology (MIT) - Sloan School of Management

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Theory of the firm, Adjustments, resources

28.

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

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29.

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

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