We analyze Texas Shootout clauses within an independent private values framework and characterize shareholders' preferences over proposer and chooser roles. While the mechanism can generate efficiency gains relative to the status quo, asymmetries in role payoffs may deter shareholders from...

The use of advanced technologies like artificial intelligence, robotics, or smart devices will go hand in hand with higher productivity, higher product quality, and lower trade costs. Therefore, it can be expected to be positively related to export activities. This paper uses firm level data for...

The use of advanced technologies like artificial intelligence, robotics, or smart devices will go hand in hand with, among others, higher productivity, higher product quality, more exports and better chances to survive any crisis. Better firms tend to use advanced technologies. Information on...