Value Capture in the Face of Known and Unknown Unknowns

نویسندگان

چکیده

A large theoretical literature on value capture uses cooperative games under complete information to study how and why firms earn supernormal profits. However, often have different information, beliefs, or creative foresight. We extend theory incomplete (“known unknowns”) unawareness (“unknown illustrate some conceptual issues with that extension. Using the case of Cirque du Soleil, we show an entrepreneurial firm can profit even when it does not contribute materially creation. In a Apple iTunes, depends quantitatively beliefs other firms.

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ژورنال

عنوان ژورنال: Strategy science

سال: 2022

ISSN: ['2333-2077', '2333-2050']

DOI: https://doi.org/10.1287/stsc.2021.0126