A Theory of the Firm based on Partner Displacement
---- Acknowledgements -----
We would like to thank Philippe Aghion, Florian Ederer, Bob Gibbons, Trond Olsen, Birger Wernerfelt, Ralph Winter, seminar participants at the University of British Columbia and the University of Toronto, and participants of the European Meeting of the Econometric Society (ESEM) in Malaga, and the Annual Meeting of the European Association for Research in Industrial Economics (EARIE) in Rome for valuable comments and suggestions. Funding support from SSHRC is gratefully acknowledged. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.