This paper estimates the importance of strategy, scale and policy in determining the pattern of exit in the Australian car industry. Previous studies found only a weak role for strategy in exit from declining industries. Using a new dataset and improvements on the specification used in earlier...

This paper investigates whether the systematic asymmetric behaviour of the US unemployment rate can be explained by the stock market. We consider threshold models to capture the asymmetric relationship between quarterly US unemployment rate and Dow Jones Industrial Average (DJ) stock returns. We...

Despite many approaches undertaken by researchers to examine women entrepreneurs, gender issues and the effects of the caste system lie on assumptions that have not been empirically validated. This paper compares male and female entrepreneurs by moving beyond the more general studies that have...

This paper first studies the determination of final consumer price when two successive monopolists bargain over the intermediate goods price. Unlike the conventional double marginalisation result which rests on the (implicit) assumption that the upstream firm has all the bargaining power, it is...