An explicit “empty core” condition is presented for superadditive games. This condition is then used to support an imputation for such games that we call the coordinated solution, that results from restricting bargaining to coalitions of size and . An assumption that a size coalition must...

"Leverage big data and demand into sustainable profitable growth Optimizing Growth is a handbook for how to succeed in the age of big data. Today’s business environment looks dramatically different than it did even a decade ago, and it continues to evolve at an increasing rate; macroeconomic...

We examine the dynamics of firm's choice of short-term financing between intermediated loans and trade credit. We argue that trade credit facilitates the access to and improves the terms of conventional loans. We model the idea that trade credit is a favorable signal of the creditworthiness of...

We examine the dynamics of firm's short-term financing choice between intermediated loans and trade credit. We argue that for firms with high agency costs, trade credit facilitates the access to and improves the terms of conventional loans. We model the idea that trade credit is a positive...