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This paper presents an analysis of the market for checks using the monopoly problem as an approximation. The need for … checks as a response to such a policy action. We report that a percentage point increase in banks' obligation per bad check … could lead up to a 1.7% decline in the total supply of checks on the margin. This means that such a policy change may harm …
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Purpose – This paper aims at summing up the main criticisms concerning quality management (QM) in order to address them through objective arguments or extant research. Since its diffusion in the Occident in the 70s, QM gained as much approvals as criticisms. Therefore, with 40 years distance,...
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