An important result in the theory of the labor-managed firm is that the firm reduces output when prices go up. This issue is considered in a dynamic situation where a firm is defined as a team. If the firm wants to grow, it has to use existing resources--which are used for current production--in...

This paper develops a model for valuing options on a currency which is maintained within a band. The starting point of our model is the well known Krugman model for exchange-rate behavior within a target zone. Results from model runs provide insight into evidence reported by other authors of...