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An Agent-Based Model of Entrepreneurial Behavior in Agri-Food Markets

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  • R. Brent Ross
  • Randall E. Westgren

Abstract

"Rapid technological innovation and globalization have led to increasingly complex agri-food supply chains and networks, and uncertain agri-food markets. Given this type of competitive environment, management scholars have argued that agri-food firms that adopt capabilities for entrepreneurship will outperform firms that do not. We use agent-based simulation methods to explore this hypothesis. Agent-based models are particularly relevant in this study as they allow for the explicit simulation of the entrepreneurial behaviors and firm interactions that lead to wealth creation. In our analysis, we find that entrepreneurial capabilities of alertness, risk-taking, and efficiency vary in their effect on firm performance given alternative agri-food strategic landscape configurations." Copyright (c) 2009 Canadian Agricultural Economics Society.

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Bibliographic Info

Article provided by Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie in its journal Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie.

Volume (Year): 57 (2009)
Issue (Month): 4 (December)
Pages: 459-480

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Handle: RePEc:bla:canjag:v:57:y:2009:i:4:p:459-480

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Cited by:
  1. Lopes, Miguel Vieira & Ross, R. Brent, 2013. "A Comparative Analysis of Strategic Planning Practices in Michigan Agribusiness Firms: 1992 vs. 2012," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association (IAMA), International Food and Agribusiness Management Association (IAMA), vol. 16(3).

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