We analyze the implications of a market imperfection related to the inability to establish intellectual property rights, that we label {\it unverifiable communication}. Employees are able to collude with external parties selling ``knowledge capital'' of the firm. The firm organizer engages in...

This paper presents theory and evidence on horizontal industry structure, focusing on situations where plant-level scale economies are small and market power is not an issue. At issue is the question: what makes industries necessarily fragmented? The theoretical model distinguishes between the...

Based on the simple model of the deposit the methodology of finding the optimal solution for bilateral monopoly (BM) of lignite mine and power plant is shown taking into account pit optimisation. It is proposed to treat lignite price negotiation as a kind of game. In the first stage...

Is vertical integration of mines and power plants profitable and for whom? Based on outcomes from the research of bilateral relation between lignite mines and power plant author describes several benefits from vertical integration including strategic benefits described by Porter and benefits...

Au-delà de la diversité des PME se dégagent des besoins communs qui sollicitent en partie des réponses de politiques publiques : disposer de structures de facilitation pour améliorer le travail en réseau, mieux gérer la fonction financière et favoriser un accès plus aisé au conseil...

Within this paper, we present the GridEcon Platform, a testbed for designing and evaluating economics-aware services in a commercial Cloud computing setting. The Platform is based on the idea that the exact working of such services is difficult to predict in the context of a market and,...

In view of the uncertainty over the ability of merging firms to achieve efficiency gains, we model the post-merger situation as a Cournot oligopoly wherein the outsiders face uncertainty about the merged entity’s final cost. At the Bayesian equilibrium, a bilateral merger is profitable...

This paper summarizes reactions to the theory of contestable markets and industry structure. The reactions came immediately after the theory was published. The summary finds that the proposed theory stands on sound grounds. However, empirically the theory leaves much to be desired especially for...

The first edition of the Report The Lighting Fixtures Market in Africa offers a comprehensive analysis of the market for lighting fixtures and lamps in 23 African countries (Algeria, Angola, Botswana, Cameroon, Democratic Republic of Congo, Egypt, Ethiopia, Ghana, Guinea, Ivory Coast, Kenya,...

In recent years green innovation or “eco-innovation” has grown increasingly to become one of the main drivers of economic development. This is a major change with regard to earlier times, when the environment in general was considered as a burden for businesses. This paper presents an...