MANAGERIAL AND DECISION ECONOMICS

Managerial and Decision Economics will publish articles applying economic reasoning to managerial decision-making and management strategy.Management strategy concerns practical decisions that managers face about how to compete, how to succeed, and how to organize to achieve their goals. Economic thinking and analysis provides a critical foundation for strategic decision-making across a variety of dimensions. For example, economic insights may help in determining which activities to outsource and which to perform internally. They can help unravel questions regarding what drives performance differences among firms and what allows these differences to persist. They can contribute to an appreciation of how industries, organizations, and capabilities evolve. They can help managers cope with the complexities and uncertainties of a dynamic competitive environment. Compared to other journals in economics, the focus of this journal is more normative than positive and the viewpoint is focused on managerial efficiency and firm profitability rather than on social welfare. Articles are welcomed from economists,strategists, and others using economic reasoning in analyzing business problems. The journal is open to a variety of economic theoretical perspectives, including transaction cost theory, evolutionary theory, resource-based theory, agency theory, game theory, and behavioral decision theory.