-liberalization profits. The author distinguishes between European flag carriers, which are hightly regulated at the beginning of the eighties …, and independent airlines. It is found that the latter enjoy sunk cost advantages but get lower variable profits than the …

played by full-time enterprise union officials in the workplace. Unions will reduce profits if they raise pay and/or lower … productivity. The evidence is pretty clear cut: the bulk of studies show that profits or financial performance is inferior in … small USA entrepreneurial firms found a positive association between unions and profits and in the UK the outlawing of the …

This paper analyses optimal irreversible investment policy when profits are subject to a multiplicative geometric …