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The behaviour of an oligopolistic industry in a transition economy is analysed, assuming that the firms are labour-managed and the economy is open to international trade. The output of these firms is assumed to be of lower quality than the output of Western firms. Cournot equilibrium in the...
Persistent link: https://www.econbiz.de/10005497732
The uniform pricing puzzle for vertically differentiated products states that a monopolist sells high and low quality products at the same price despite the fact that quality is perfectly observable and that there are no significant costs of adjusting prices. The puzzle is relevant for movies,...
Persistent link: https://www.econbiz.de/10011249375
This Paper examines the optimal structure of management when a decision-maker must have a mass of information processed before making a decision. They can either delegate processing tasks inside their own organization, in which case they retain full authority over the agents, or they hand over...
Persistent link: https://www.econbiz.de/10005666539
We study the optimal allocation of screening tasks between two agents (incumbent vs. outsider or senior vs. junior) competing for one job. First, we characterize the inefficiencies from the principal's viewpoint of delegating the selection of the screening procedure to the incumbent. In general,...
Persistent link: https://www.econbiz.de/10005789059
The Doha multilateral round of trade negotiations sponsored by the WTO has been dragging on for over a decade, with no end in sight. In this short paper we assess empirically what determines the duration of trade negotiations, focusing on the span between the start of trade talks and their...
Persistent link: https://www.econbiz.de/10011083302
This paper examines the longevity of entrants. We find size to be an important determinant of the chances of survival … differences, past growth matters for survival suggesting a partial adjustment process for firm size in the post entry period …
Persistent link: https://www.econbiz.de/10005067401
firm growth, survival, size and age. While these studies have resulted in findings that are sufficiently consistent as to … relationships between firm age and size on the one hand, and survival and growth on the other may, in fact, not be the same in … services. The results suggest that the most fundamental relationships between firm size, age, survival and growth are …
Persistent link: https://www.econbiz.de/10005789128
, positive or negative, on the survival prospects and employment growth of that plant. The empirical analysis uses data from the … that the incidence of take-over reduces employment growth, in particular for unskilled labour. Both survival and employment …
Persistent link: https://www.econbiz.de/10005123803
adult survival rates. In addition, we find that a model that is estimated using only pre-transition data would actually …
Persistent link: https://www.econbiz.de/10005136659
Using a comprehensive data set of Portuguese manufacturing firms, we show that the firm size distribution is significantly right-skewed, evolving over time toward a log-normal distribution. We also show that selection accounts for very little of this evolution. Instead, we propose a simple...
Persistent link: https://www.econbiz.de/10005504696