Corporations are attracted to leasing transactions with real property in order to secure occupancy of a property for a specified time frame without having to purchase. Investors in corporate real estate are also attracted to these transactions, because of a combination of a stable cash flow and...

This paper analyses wage dynamics at individual level using the European Community Household Panel data. We compare yearly wage changes of full-time employees staying in the same firm for twelve European countries during the 1994-96 time-period. For all the European countries we find evidence of...

This paper presents an unnoticed result that may occur when an effective minimum quality standard is imposed in a duopoly model where firms decide on quality and prices in two stages and where both covered or uncovered markets may be endogenous outcomes of the competition game. We derive...