Financial markets have become increasingly integrated throughout the world. Does this mean that local financial institutions are becoming irrelevant? We argue that due to the information symmetries involved in credit concession and banks’ role as monitors the answer is no. Motivated by...

O objetivo deste artigo é analisar as recentes fusões e aquisições na siderurgia brasileira e mundial no sentido de verificar se a reestruturação observada resultou em elevação dos lucros do setor. Primeiramente, testamos um modelo teórico proposto por Inderst e Wey (2004) e encontramos...

A tributação altera o equilíbrio entre demanda e oferta, onerando consumidores e firmas, beneficiando o governo e causando perda de bem-estar social. Mas, entre os agentes privados, quem paga a maior parte da conta? Firmas ou consumidores? Este artigo responde a esta pergunta para o mercado...

This article presents the international tin industry as an oligopoly organized around the International Tin Council, making it a cartel with important participation in determining tin prices, mainly between the years 1960 and beginning of 1980. As a consequence of the oil shocks and the...

The literature shows that the application of antidumping legislation can have a major effect on international trade. The threat of invoking the law can be used to obtain a collusive agreement or to punish a deviation from an existing agreement made between domestic and foreign firms. Thus, the...