We analyse the effects of government policies, such as entry regulation and standard setting, on the evolution of an industry, the global mobile telecommunications markets during 1981-1997. Among other results, we find that countries that issue first licenses at later dates converge rather...

We revisit a standard model of security prices as Ito processes, and provide some new economic insights about the role of arbitrage and credit limits within such a model. We show that the standard assumptions of a positive state prices and existence of an equivalent martingale measure exclude...

We consider the resource-constrained project scheduling problem. The purpose of this paper is to direct the focus to a branch-and-bound concept that can, by simple adaptations, operate on a wide range of problem settings. The general approach can, e.g., deal with multimode problems, resource...