After 50 years of artistic and popular acclaim, the world-famous Sidmouth Festival collapsed in 2004. Its management was unable to secure bad-weather underwriting worth £200,000, despite an alleged £5 million Festival contribution to the local economy. In examining the reasons for this...

Chile's Colchagua Valley is both a geographical cluster of wineries and a dynamic learning network of wine-making professionals. A principal-agent problem arises in that the latter knowledge network is frowned upon by owners and top managers. Whereas experts aim at maximising quality, firms are...