ARC: Research: Theories: Comparative Advantage
Overview
This theory is presented in contrast to the neoclassical economic theory of pure competition. It emphasizes a marketing orientation, relationships, and heterogeneous (across firms) and imperfectly mobile resources as a source of superior financial performance.
Suggest changes to this overview by sending email to arc@ama.org.
Key Citations
Hunt, Shelby D. and Robert M. Morgan (1995), "The Comparative Advantage Theory of Competition," Journal of Marketing, 59 (2), 1-15.
Application Areas
strategy
Other Literature
Suggest other literature by sending email to arc@ama.org.