We propose a new farsighted solution concept for abstract games, the Subgame Perfect Consistent Set (SPCS), based on consistency in the spirit of the von Neumann Morgenstern solution and on subgame perfect equilibrium. Rather than follow constructs such as indirect dominance, farsighted players...

This paper attempts to fill this gap in the literature by focusing on the influence of knowledge senders' willingness to share knowledge, their disseminative capacities and the knowledge-transfer opportunities they create on the effectiveness of knowledge transfer. We develop a theoretical...

This paper examines the strategic trade policy incentives for investment policies towards quality improvements in a vertically differentiated exporting industry. Firms first compete in qualities and then export to a third country market based on Bertrand or Cournot competition. Optimal policies...

The concentration of ownership of enterprises varies significantly among countries. In this paper we investigate the role that differences in legal systems play in molding founders' ownership preferences with respect to the ownership structure of their startups. We develop an economic framework...

We analyze the determinants of de novo entrants in clusters and dispersal. We posit a theoretical framework which articulates the differences in strategic advantages and threats that locating in clusters or dispersal pose to de novo entrants and the firm specific characteristics that are likely...

Using data about all de novo entrants into the Canadian manufacturing sectors during 1984-1998, we studied location choices as a function of firms' initial resources and capabilities. Employing nested logit estimation, we examined the impact of various location traits such as: agglomeration,...