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Persistent link: https://www.econbiz.de/10010730832
To be relevant to a firm a real option needs to fit into a theory of the firm explaining its existence, exercise conditions and value. We make a step toward an option based-theory of the firm by describing the emergence of a firm’s options and the strategic building of new competences for...
Persistent link: https://www.econbiz.de/10005125059
The financial systems in continental Europe are subject to profound changes in the institutions of market exchange. Banks traditionally holding close relationships with firms are substituted by non-bank institutional investors. The present paper examines whether this implies a substitution of...
Persistent link: https://www.econbiz.de/10005134668
The financial systems in continental Europe are subject to profound changes in the institutions of market exchange. Banks traditionally holding close relationships with firms are substituted by non-bank institutional investors. The present paper examines whether this implies a substitution of...
Persistent link: https://www.econbiz.de/10005134829
Persistent link: https://www.econbiz.de/10005399356
Transaction Costs Theory has been considered the 'new orthodoxy' in the theory of the firm, being this the very same reason for wide criticism by different schools of economic thought. However, there seems to be signs of complementarity between TCT and evolutionary approaches to the firm. Some...
Persistent link: https://www.econbiz.de/10005412956
Persistent link: https://www.econbiz.de/10005076908
Persistent link: https://www.econbiz.de/10010730502
The main result of this paper is that when two asymmetric regions compete in pollution taxes to attract a polluting … that incomplete information on regions' pollution costs may lead to a bias towards location in a region that does not …'' marginal cost of pollution. Also, this bias tends to disappear with large discrepancies in production costs. …
Persistent link: https://www.econbiz.de/10005781094
La pollution est incorporee comme une externalite de production dans le modele de concurrence monopolistique des …
Persistent link: https://www.econbiz.de/10005781101