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View all issues, including the most current, at Managerial and Decision Economics on the Wiley Online Library website.
Managerial and Decision Economics publishes articles that apply economic reasoning to managerial decision-making and management strategy. Management strategy concerns practical decisions that managers face about how to compete, succeed, and 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 perfom 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 welcome 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. The journal will publish articles from all of the functional areas of economics, as long as these articles are useful for managerial decision-making from all the functional areas of business and employ economic reasoning.
The journal particularly welcomes articles with an international focus or articles that analyze issues and markets from a non-American perspective. Issues pertaining to global strategy and the management of a multinational enterprise are of special interest.
While the editors will consider articles of any level of sophistication, they will not be interested in technique for its own sake. In all cases, the idea behind an article will be of more importance than the methods of analysis. The journal will even be willing to publish articles written only in words if the ideas are themselves interesting and important.
The editors will attempt to offer rapid turnaround, and will try to have responses to domestic authors within two months of receipt of the submission. Since the journal publishes eight issues annually, publication is also rapid.