 The Competitive Dynamics of Status and Niche Width: US Investment Banking, 1920-1949Douglas Y Park and Joel M Podolny Industrial and Corporate Change, 2000, vol. 9, issue 3, 377-414 Abstract: By integrating the status-based model of market competition and the resource partitioning model, this paper develops the resource-status space imagery of markets and two propositions. First, the paper argues that the benefit that an organization derives from an increment in status is not independent of the organization's niche width. Second, the paper considers the implications of status-based stratification for the resource partitioning model's specification of the effects of increasing market concentration. Using the resource-status space imagery, this paper posits that if expanding generalists are reluctant to lower their status or are unable to increase their status, they will expand within their current status level. The expanding generalists will thus encroach on the niches of similar status generalists and specialists, rather than expand into the niches of generalists across the whole status spectrum. We discuss implications for the sociology of markets. Copyright 2000 by Oxford University Press. Date: 2000 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:oup:indcch:v:9:y:2000:i:3:p:377-414 Ordering information: This journal article can be ordered from Access Statistics for this article Industrial and Corporate Change is currently edited by Josef Chytry More articles in Industrial and Corporate Change from Oxford University Press and the Associazione ICC Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK. |
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