This paper examines the amount of grandfathering needed for an emissionstrading scheme (ETS) to have a neutral impact on firm profits. Weprovide a simple formula to calculate profit-neutral grandfathering in aCournot model with firms of different sizes and a general demand function.Using this...

We present a new model of multi-product …rms (MPFs) and flexible manufacturing and explore itsimplications in partial and general equilibrium. International trade integration a¤ects the scale andscope of MPFs through a competition e¤ect and a demand e¤ect. We demonstrate how MPFs adjust...

The UK’s business R&D (BERD) to GDP ratio is low compared to other leading economies,and the ratio has slowly declined over the 1990s. This paper uses data on large UK firms toanalyse the link between R&D and productivity over the 1989-2000 period. Using aproduction function approach, and a...

Suggesting a three dimensional model for virtualization, this paper examines the strategic movements companies may perform in order to become virtual corporations. Literature research and qualitative data from German banks demonstrate plausibility of the model and lead to specific questions to...

Management theory argues that the effective use of extension strategies depends on market growth and market share. ... The findings show the full depth of the pluralistic world: Extension strategies can be used independently from the company's size and other contingency factors, as long as they...

... This paper explains the model and then focuses on the question of how small and medium sized companies are able to act as successful players in this new economic order. Data from 102 German and Austrian companies are used to describe the actual state of virtualization and to analyze the...