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This paper examines outsourcing to test whether productivity-enhancing specialization is facilitated in bigger cities. First, the paper provides a theoretical model which shows that greater local demand for a given input promotes the entry of suppliers into a city; the increased number of...
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such mistakes are in practice. The bank offered consumers a choice between two credit card contracts, one with an annual … in holding substantially sub- optimal contracts without switching. …
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Derivatives and certain other off-balance sheet contracts enjoy special legal protection on insolvent counterparties …
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Defining futures contracts as substitutes for associated cash transactions enables a discussion of the evolution of … controls over contract nonperformance risk. These controls are incorporated into exchange methods for clearing contracts. Three …-clearing systems feature bilateral contracts with terms specified by the counterparties to the contract. Exchanges relying on direct …
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