An increasing number of academic institutions provide short-term international study opportunities for their business students at both undergraduate and graduate levels. Some institutions even provide such experiences for faculty, to enhance their international background and to facilitate...

As the practice of a firm in one country owning production facilities in another has increased, several theories have developed to explain why production facilities do not always have local owners who would presumably be more familiar with local business conditions. A transaction cost...

A production function highly concave in inputs will have a dual profit function less convex in prices. Even large variations in prices will cause little variation in input usage and output, resulting in poor profit function estimates. This is demonstrated using Monte Carlo simulation with...