Market-Based Management (R)

Learning Objectives: Understand and apply Market-Based Management
Case:

Further activity:


These resources form part of my Managerial Economics course map. You can watch the full YouTube playlist here. This page ties into Chapter 4 of ‘Markets for Managers’.

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Corporate Entrepreneurship

Learning Objectives: 
Case:

  • Weston, Hilary A., “Automation Consulting Services”, Harvard Business School Case No. 9-190-053, November 2000
  • ACS Worksheet, May 2018
  • MBM Dimensions

These resources form part of my Managerial Economics course map. You can watch the full YouTube playlist here. This page ties into Chapter 1 of ‘Markets for Managers’.

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Prediction Markets

Learning Objectives: 
Case: Coles, Peter, Lakhani, Karim and McAfee, Andrew, “Prediction Markets at Google” Harvard Business School Case No. 9-607-088, August 20, 2007

 

Lecture handout: Prediction Markets”, February 2016

Here’s an introduction to prediction markets:

 

  • Audio: “Why There Aren’t So Many Hotel Fires Anymore” Stuff You Should Know
    • Consider how major hotel fires due to staff waiting to inform senior management who would make the decision about calling the fire brigade.
    • Key technology = fire doors, sprinklers, and alarms that anyone can set off.

These resources form part of my Managerial Economics course map. You can watch the full YouTube playlist here. This page ties into Chapter 4 of ‘Markets for Managers’.

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Internal markets

Learning Objectives: Think creatively about how to use markets within firms
Case: Wessen, R.R. and Porter, D., “The Cassini Resource Exchange” Ask Magazine 16, Fall 2007, p. 14-18

Watch Cassini’s grand finale:


These resources form part of my Managerial Economics course map. You can watch the full YouTube playlist here. This page ties into Chapter 4 of ‘Markets for Managers’.

Signalling

Learning Objectives: 
Lecture handout: Signalling*

This debate considers the extent to which higher education is merely signalling:

Here’s my treatment of signalling and countersignalling:


These resources form part of my Managerial Economics course map. You can watch the full YouTube playlist here. This page ties into Chapter 3 of ‘Markets for Managers’.

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Adverse Selection

Learning Objectives: Think critically about the role of asymmetric information on market performance
Group activity:

Auctions

Learning Objectives: 
Case:

  • Hild, M., Dwidevy, A., and Raj, A., (2004) “The Biggest Auction Ever: 3G Licensing in Western Europe”, Darden Business Publishing
  • Discussion question: What are the alternatives to auctions?

Consider the following video:

Having done the case,

  • Is there evidence of the Coase theorem in the 3G case?
  • Is there evidence of the Transitional Gains Trap in the 3G case?

Here’s more detail on spectrum auctions:

Handout: The Biggest Auction Ever: What Happened Next?, February 2019

These resources form part of my Managerial Economics course map. You can watch the full YouTube playlist here. This page ties into Chapter 3 of ‘Markets for Managers’.

 

Oligopoly

Learning Objectives: Gain experience of iterated prisoner’s dilemmas.
Group activity:

  • Beckman, S. R., “Cournot and Bertrand games” Journal of Economic Education, Vol.34, No.1, pp.27-35
  • Cournot and Bertrand Games, December 2018

Here’s Bart Wilson on the meaning of the word “fair”:

Markets in everything

Learning Objectives: 
Case: 

  • “I’ve got debts, please buy my kidneys” The Times September 27th 2009
    Discussion question: What are some different ways in which we could allocate kidneys?

Further reading: Postrel, V., “Here’s Looking at You, Kidney” Texas Monthly, June 2006

 


These resources form part of my Managerial Economics course map. You can watch the full YouTube playlist here. This page ties into Chapter 3 of ‘Markets for Managers’.