In this paper we empirically analyze the phenomena of indebtedness of the main companies belonging to the Spanish hotel industry. In particular, we introduce a method to analyze the structure and dynamics of the largest companies in this sector. The method combines the Pearson correlation...

As its structure offers one causal mechanism for the emergence of and convergence upon a collective conception of what constitutes a sound legal rule, we believe the social structure of the American law professoriate is an important piece of a broader model of American common law development....

This paper reconsiders the comparison between hierarchical contests and single-stage contests. A condition is given that characterizes whether and when the aggregate equilibrium payoff of contestants is higher in the single-stage contest, and when the single-stage contest is more likely to award...