A new world industrial pattern has been emerging in last years due to the development of «new» large countries which have entered the road to industrial development. This process has been initially fostered by the possibility for such countries to benefit from «trade in tasks». The...

The paper argues that the shape of the long-run size distribution of business firms is basically determined by the availability of organisational capabilities, and that its changes over time (the "direction" of change) depend on the way in which (exogenous) "environmental" conditions affect...

The paper argues that the shape of the long-run size distribution of business firms is basically determined by the availability of organisational capabilities, and that its changes over time (the "direction" of change) depend on the way in which (exogenous) "environmental" conditions affect...

This paper examines how electronic procurement influences the organization of economic transactions. It seeks evidence for ICT-induced changes in how companies organize their activities and whether ICT lead to more competitive and transparent markets. Testing the relationship between the effect...

This paper examines how electronic procurement influences the organization of economic transactions. It seeks evidence for ICT-induced changes in how companies organize their activities and whether ICT lead to more competitive and transparent markets. Testing the relationship between the effect...

The aim of this paper is to scope the different institutional possibilities offered to the Europeans infrastructure managers into obtaining the most efficient cooperation between them and evaluate the possible effects of the European commission policy on this topic. The goal of this cooperation...

This note points out the differences between conducting several projects within one big firm (common ownership) and conducting each project within an independent firm (separate ownership).

The paper addresses the effect of technological progress on the frontiers of the firm, building on transaction cost theory and agency theory. The model incorporates four types of costs: production, coordination, management, and transaction costs. The market has lower production costs, but higher...

Production contract tournaments induce self-selection among producers. Self-selection for pork differs from broiler production resulting in a predictably different political response by incumbent producers to contract innovation. The higher capital and status of incumbent pork producers than...

We show that in business groups with efficient internal capital markets, resources may be channelled to either more- or less-profitable units. Depending on the amount of internal resources, a group may exit a market in response to increased competition, or channel funds to the subsidiary...