It is often argued that firms need flexibility in order to better face demand uncertainty. As employment protection legislation (EPL) impacts the cost of volume adjustments available to firms, it constrains the volume flexibility that they can achieve. Weakening EPL might thus be thought of as a...

Market Integration and Competition : Some Insights from Oligopoly Theory This paper provides a survey of some theoretical contributions devoted to the role that international market integration has on effective competition. The analytical framework of this literature encompasses oligopolistic...

This paper considers the incentive role of promotion. It presents a simple theoretical model in which candidates for promotion are uncertain about the type of evaluator mandated by the Organization to review them. Adverse promotion is then shown to occur, the term ?adverse? meaning here unfair...

This article deals with the effects that employment protection may have on the level of domestic activity in a context of oligopolistic international competition. Firms compete in quantities and their location choices result from a trade-off between on the one hand, the informational advantage...