by Ronald S. Burt
Harvard University Press, 1995
Paper: 978-0-674-84371-4 | Cloth: 978-0-674-84372-1 | eISBN: 978-0-674-02909-5
Library of Congress Classification HD41.B88 1992
Dewey Decimal Classification 338.6048

ABOUT THIS BOOK | REVIEWS | TOC
ABOUT THIS BOOK
Ronald Burt describes the social structural theory of competition that has developed through the last two decades. The contrast between perfect competition and monopoly is replaced with a network model of competition. The basic element in this account is the structural hole: a gap between two individuals with complementary resources or information. When the two are connected through a third individual as entrepreneur, the gap is filled, creating important advantages for the entrepreneur. Competitive advantage is a matter of access to structural holes in relation to market transactions.