Programmers can distribute new software to online users either for a feeas shareware or bundle it with advertising banners and distribute it forfree as adware. In this paper we study the programmers' choice betweenthese two modes of distribution in the context of a model that takeexplicit...

We construct a comprehensive panel data of 96 publicly traded European utilities over the period 1994-2005 in order to study the relationship between the capital structure of regulated firms, regulated prices, and investments, and examine if and how this interaction is affected by ownership...

We analyze determinants of regional industry mix and focus especially on the influence of labor market characteristics. By combining a labor market pooling argument with an argument involving the cost of switching a worker from one firm to another, we show that in the presence of product market...