diversification. Production makes use of different input varieties, which are subject to imperfectly correlated shocks. Technological … the number of varieties in our model provides diversification benefits against variety-specific shocks and it can hence …

This paper addresses the questions of the effects of diversification strategies on firms' profitability. Empirical … analyses do not seem to confirm the hypothesis that diversification is the optimal response to the presence of synergies and …

, it is only relatively recently that rural poverty decline has become strongly linked to diversification of the village …

benefit of greater diversification in terms of higher monitoring dominates the costs of free-riding and duplication of efforts … less profitable, and poor financial integration, regulation and inefficient judicial systems increase monitoring costs …

hazard between entrepreneurs and investors. Diversification could mitigate the moral hazard problem. However for a single … paper we show that delegation can be the only way to exploit the gains from diversification when overload costs of … diversification are high; delegation thus is the key ingredient to be able to diversify. …