Within the resource-based view of the firm, a dynamic story has emerged in which the knowledge accumulated over the history of a firm and embedded in organizational routines and structures influences the firmÕs ability to recognize the value of new resources and capabilities. This paper...

A three-class game of redistribution without a pure strategy equilibrium is studied under a model of adaptive politicians. This model allows us to integrate one person - one vote models of redistribution with the models which emphasize political influence so as to study when different social...

A large body of literature documents that returns from currency speculation are highly volatile and possess a predictable component, which is itself highly volatile and serially correlated. Explaining the returns from currency speculation through the presence of a risk premium has proven...