This paper considers the distribution of responsibility for prevention of negative social or ecological effects of production and consumption. Responsibility is related to ability and ability depends on welfare. An increase in competition between Western companies depresses their profitability,...

This paper analysis the relationship between market structure and competitiveness in the Brazilian banking industry. First, it quantifies competitiveness by using the statistic-H proposed by Panzar & Rosse and evaluates its relationship with several concentration statistics:...

Nonconvexities undermine the efficiency of the usually robust "double auction" or DA market institution. We experimentally examine two modified DAs that allow for particularly rich bilateral contracting such as arbitrarily nonlinear pricing. The first allows for arbitrarily nonlinear pricing but...

This paper centers around the question of ownership of firms and managerial competition and how these affect managers and employees' incentives to invest in human capital. We argue that employees' incentives in human capital investment are affected by both ownership and competition since both...

This paper centers around the question of ownership of firms and managerial competition and how these affect managers and employees' incentives to invest in human capital. We argue that employees' incentives in human capital investment are affected by both ownership and competition since both...

The major issues for a retailer to bet his money on any particular brand in the form of advance booking may vary from the attractiveness of scheme to the feedback of farmers regarding performance of the brand in the previous year. The fact, that it also acts as a competition safeguard for the...

Nowadays, when we speak about the economic performance of a firm, region or country, at the regional or world level, we always mention their state in economy of knowledge as well their competitive advantage and how their risk for doing business is being improved.This article tries to establish...

This article aims to analyze the five forces of Michael E. Porter, professor at Harvard Business School in the case of Insurance and Pension Funds Industry in Angola.We concluded that the five competitive forces of the insurance and of Angola pension funds industry are always subject to change...

We consider a model in which agents choose a single niche to act. These niches could be different markets around the world or different contests. We look for the existence of a free entry equilibrium in which no agent wishes to switch to a different niche. When agents form a continuum,...

A large body of literature has stressed the institution-development nexus as critical in explaining differences in countries%u2019 economic performance. The empirical evidence, however, has been mainly at the aggregate level, associating macro performance with measures of quality of...