Showing 1 - 10 of 164
innovation' is often of organizational nature, deeply embedded in institutions that adapt very slowly, making 'societal …
Persistent link: https://www.econbiz.de/10010635123
This article maintains that capitalist market economies have a threefold composite characteristic (the central role of money and financial relations, the crucial role of institutional patterns, and the macro nature of stability and viability concerns) that makes social control a consistent way...
Persistent link: https://www.econbiz.de/10010899093
between competition as an ideal and the feasibility of competition in the railroad sector; this distinction is implicit in … Dupuit's work, but it helps us to grasp that, in his opinion, unlimited competition is not possible in the railroads and that …
Persistent link: https://www.econbiz.de/10010575558
, all cotton sector stakeholders do recognize that there is a big issue of excessive competition from a great number of … nevertheless will remain a short term one if no regulation is provided to prevent the market development from excessive and unfair … competition. The case analysed is a good illustration of the shortfalls of unregulated competition. It is however ineffective to …
Persistent link: https://www.econbiz.de/10008791670
Current EU policy exempts horizontal R&D agreements from antitrust con- cerns when the combined market shares of participants are low enough. This paper argues that existing theory does not support limiting the exemption to low market shares. This is done by introducing a set of non-innovating...
Persistent link: https://www.econbiz.de/10008791808
The paper presents the differences between the design of a closed and an open team sports league. Then it compares the theoretical models of a closed league with profit maximizing clubs and an open league with win maximizing clubs. Both models are now outdated by a Nash equilibrium model which...
Persistent link: https://www.econbiz.de/10010635114
French liberal economists share a very surprising reading of Bentham's theory. In this paper, we underline the method according to which these French liberal economists in the nineteenth century economists understand Bentham's utilitarianism: they consider that utilitarianism deals with...
Persistent link: https://www.econbiz.de/10009367989
This article explains the level of economic freedom in Muslim countries through the theory of institutional path dependency. Islamic countries are generally not free and they have a poor record regarding property rights. To explain these realities we use the institutional history of Muslim...
Persistent link: https://www.econbiz.de/10010605326
This paper argues that mainstream economic the- ory, far from providing an indisputable plea in favor of shareholder value-maximization, o ers striking arguments showing quite the opposite: pro t maximization cannot be a legitimate prioritar- ian goal for private rms. This opens the door for a...
Persistent link: https://www.econbiz.de/10009207103
the stakes of political competition, and therefore reduce the intensity of the conflict over political power. In …. They are valid in a democratic setting, where this competition is electoral, but also in any other setting, where … competition may be of a more violent nature. I then extend this analysis to show that complementarity of productive assets …
Persistent link: https://www.econbiz.de/10010738862