Drawing on a comprehensive data set consisting of dividend payments, security prices, and stock exchange disclosures, this paper argues that, contrary to common interpretation, potentially damaging government regulations imposed in 1882 cannot explain the retarded development of the nascent...

The quality of British entrepreneurship in the half century before 1914 excitescontroversy. Contemporaries were of mixed minds about the matter. Alfred Marshall(1920: 92-106), for example, was uneasy about the competitive inroads entrepreneursfrom other advanced industrial countries had made...

In this paper, we address the problem of fair sharing of the total value of a crowd-sourced network system between major participants (founders) and minor participants (crowd) using cooperative game theory. We use the framework of a Shapley allocation which is regarded as a fundamental method of...