This paper analyses the survival of the complete cohort of more than 162,000 limited companies incorporated in Britain in 2001 over the subsequent five-year period.  For this purpose, we estimate firms' hazards of failure and survival functions using nonparametric and semi-parametric...

This paper uses a vertical relational contract between two firms to explore the implications of trade credit when the ability to repay is not observed by the supplier.  Trade credit limits the supplier's possibilities to punish the cashless downstream firms and termination may be used in...

The increasing number of antitrust cases that affect more than one country calls for more active cooperation between competition authorities.  I analyse the impact of exchange of confidential information between two authorities deciding on a multinational merger.  The authorities want to clear...