firm behaviour in markets. Topics discussed include the impact of imitative and satisficing behavior by firms, outcomes … preferences on the ability to collude, and the incentive for profit-maximizing firms to mimic irrational behavior. …

In many countries, the legal system or social norms ensure that firms are stakeholder oriented. We analyze the … advantages and disadvantages of stakeholder-oriented firms that are concerned with employees and suppliers compared to … shareholder-oriented firms in a model of imperfect competition. Stakeholder firms are more (less) valuable than shareholder firms …

firms. However, positive CSR levels imply smaller equilibrium profits. Second, we find that an incumbent monopolist can use … heterogeneous firms and show that asymmetric costs imply asymmetric CSR levels …

In many countries, the legal system or social norms ensure that firms are stakeholder oriented. We analyze the … advantages and disadvantages of stakeholder-oriented firms that are concerned with employees and suppliers compared to … shareholder-oriented firms in a model of imperfect competition. Stakeholder firms are more (less) valuable than shareholder firms …

Financial constraints are an important impediment to the growth of small businesses. We study theoretically and … decisions and growth of principals, in the context of franchising. We find that a 30 percent decrease in average … waiting time, and slows their growth by around 10 percent, leading to a 10 percent reduction in franchised chain employment. …

Schumpeterian growth. Process innovation helps securing a firm's market position given the characteristics of its product supply … at the firm level. Product innovation is a key factor for successful market entry in models of creative destruction and …. Both modes of innovation are expected to raise a firm's propensity to export. According to new trade theory, we conjecture …

causal effect of human capital on income, net of the innovation channel. …