We consider a standard result of customer market theory: if firms have stable customer relations and face financial frictions, they may keep prices relatively high on their locked-in shoppers to maintain short-term profits at the expense of future market shares in times of low demand and vice...

We consider a standard result of customer market theory: if firms have stable customer relations and face financial frictions, they may keep prices relatively high in times of low demand and vice versa. Indeed, during recessions, when firms have low cash flow and greater difficulty in raising...

Considering the scientific, technological, ecological and managerial progress, the exigencies towards supply and demand on the labor market have substantially increased. The specific negotiations of this market focus on the quality, structure and creative capacity of labor resources. Reality...