than cure the recession.When Keynes wrote his General Theory in 1936 the ratio of general government expenditure to …

We compare two commonly used mechanisms in procurement: auctions and negotiations. The execution of the procurement …

In a Case Law regime Courts have more flexibility than in a Statute Law regime. Since Statutes are inevitably … most economic decisions are already taken. Therefore, the advantage of flexibility for Case Law is unavoidably paired with … pairs the lack of flexibility with the ability to commit in advance to a given (forward looking) rule. This solves the time …

flexible technology allowing for such option. Investment is irreversible and flexibility is costly. The problem is solved …

under study is flexible. Flexibility is important because it gives the firm option value. Higher volatility increases the …

The main aim of the paper is to highlight the relation between flexibility and vertical integration. To this purpose … dynamic uncertain environment. The enterprise we model enjoys flexibility since it can switch from a certain amount of … produce all inputs even when it buys them in the market. This sort of flexibility makes for results which are somehow contrary …