Birger Wernerfelt

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

Professor of Management Science Chair, Doctoral Program

77 Massachusetts Ave.

E62-416

Cambridge, MA 02142

United States

SCHOLARLY PAPERS

29

DOWNLOADS
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5,019

CITATIONS
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48

Scholarly Papers (29)

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 889 (19,000)
Citation 1

Abstract:

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 520 (41,071)
Citation 1

Abstract:

Firms, managers, renegotiation

3.
Downloads 490 ( 45,342)
Citation 7

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 490 (44,785)
Citation 7

Abstract:

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:

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 415 (54,139)

Abstract:

Diversification, Theory of the Firm, Resource-based View

5.
Downloads 379 ( 62,206)
Citation 5

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 372 (62,951)
Citation 5

Abstract:

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 (526,675)
Citation 5

Abstract:

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:

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 352 (65,234)
Citation 2

Abstract:

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

7.
Downloads 314 ( 77,286)
Citation 5

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 314 (76,774)
Citation 5

Abstract:

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:

theory of the firm, integration, employment

8.
Downloads 267 ( 92,549)

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 267 (92,075)

Abstract:

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:

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 245 (98,391)
Citation 2

Abstract:

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 241 (100,508)
Citation 2

Abstract:

Contract Theory, Communication, Renegotiation

11.

Bounded Rationality Modeling

Marketing Letters, Vol. 43, pp. 197-200, 2003
Number of pages: 16 Posted: 23 Nov 2008
affiliation not provided to SSRN, 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 207 (116,136)
Citation 2

Abstract:

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 194 (127,296)
Citation 9

Abstract:

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:

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 98 (208,566)
Citation 1

Abstract:

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 50 (327,695)

Abstract:

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 25 (425,213)

Abstract:

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 61 (283,895)
Citation 1

Abstract:

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 44 (331,341)
Citation 1

Abstract:

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 22 (441,925)

Abstract:

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 16 (476,386)

Abstract:

organization, labor, trade

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 (425,213)
Citation 2

Abstract:

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:

Incomplete contracts, 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 24 (390,308)

Abstract:

20.
Downloads 16 (458,962)

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 (476,386)
Citation 3

Abstract:

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:

Delegation, Committees, Managers, 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 14 (464,145)
Citation 1

Abstract:

Bargaining, Information Acquisition

22.

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 (527,845)
Citation 2

Abstract:

23.

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 (549,040)
Citation 1

Abstract:

24.

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:

brand extension, signaling, product quality, game theory

25.

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:

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

26.

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:

Bargaining costs, communication, renegotiation

27.

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:

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

Abstract:

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

Abstract: