No matter what type of relationship a buyer has with a particular supplier, the buyer faces the decision of whether to either stay with the supplier or to switch to another supplier. This paper introduces a model of the buyer's switching decision that integrates tenets of both transaction cost...

It has been suggested that the primary function of headquarters in a multi-divisional enterprise is to run an internal capital market in which scarce project finance is transferred from lagging units to those, which have strategic promise. Such a headquarters role is particularly relevant in...

The competing merits of plurality and proportional representation have intrigued political economists and political scientists for quite some time. Of primary interest is whether one or the other system is better in serving the interests of the electorate. Since theoreticians are unable to...