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The paper sheds light on two questions, using transaction cost theory: 1) Why do management consultants exist, and 2) why do they organize in independent firms. The paper also contains a history of the management consulting industry.
Persistent link: https://www.econbiz.de/10005076890
Este trabajo analiza la entrada y la competencia en servicios de telecomunicaciones, en los que las empresas se diferencian por sus costes hundidos y por la valoración que reciben de los consumidores. En este marco de análisis desaparece el problema de coordinación presente en la literatura...
Persistent link: https://www.econbiz.de/10005076891
We analyze models of product differentiation with perfect price discrimination and free entry. Although perfect price discrimination ensures efficient output decisions given product characteristics, coordination failures may prevent efficiency in the choice of product characteristics. More...
Persistent link: https://www.econbiz.de/10005076900
We consider innovation incentives in markets where final goods comprise two strictly complementary components, one of which is monopolized. We focus on the case in which the complementary component is competitively supplied, and in which innovation is important. We explore ways in which the...
Persistent link: https://www.econbiz.de/10005076907
concentration in the product market. We show that while such an increase may be profitable, it may be socially inefficient. …
Persistent link: https://www.econbiz.de/10005077076
The LoopCo Plan, which uses market mechanisms to promote competition, is the best approach to restructuring the … telecommunications market, say its proponents, who object to the requirements and to-date implementation of the Telecommunications Act of …
Persistent link: https://www.econbiz.de/10005126025
’s restructured electricity sector and its performance are discussed. The effects on wholesale market prices are analyzed. The …
Persistent link: https://www.econbiz.de/10005126483
depends on the market coverage conditions. When the market is fully covered, one-way compatibility is the best strategy for … the proprietary software. When the market is partly covered, two-way compatibility is the best strategy. Such results are … for the producer of the proprietary software. We found that the proprietary producer¡¯s choice of compatibility strategy …
Persistent link: https://www.econbiz.de/10005134411
This paper presents an equilibrium model of industry dynamics and capital structure decisions. The unique stationary equilibrium is derived in closed-form. The analysis reveals that the interaction between capital structure and production decisions influences the stationary distribution of...
Persistent link: https://www.econbiz.de/10005134424
: International competition, market size, competencies, engineering industry …
Persistent link: https://www.econbiz.de/10005134442