This paper analyzes fairness and bargaining in a dynamic bilateral matching market. Traders from both sides of the market are pairwise matched to share the gains from trade. The bargaining outcome depends on the traders' fairness attitudes. In equilibrium fairness matters because of market...

This paper analyzes fairness and bargaining in a dynamic bilateral matching market. Traders from both sides of the market are pairwise matched to share the gains from trade. The bargaining outcome depends on the traders' fairness attitudes. In equilibrium fairness matters because of market...

We report on two experiments that identify non-monetary incentive effects of competition. As the number of competitors increases, monetary incentives to engage in cost reduction tend to decrease. We test the hypothesis that there are non-monetary incentive effects of competition going in the...

The Pareto distribution has been used to describe firm sizes in many theoretical models for its convenience and empirical validity. We provide estimates of the Pareto parameters across industries and investigate the determinants of the shape of the firm size distribution in Brazil. The Pareto...

Over the last decade, the defense industry has obtained relevance on Brazilian public policies. Departing from the premise that the success of this process requires not only that the Armed Forces have modern equipment and skilled military to operate them, but also that the country retains the...

This paper introduces the Small World model (Watts and Strogatz, Nature,1998) into the theory of economic growth and investigates how increasing economic integrationaects rm size and effciency, norm enforcement, and aggregate economic performance.When economic integration is low and local...

Both M&A and innovation are instruments for growth and competitive advantage.Therefore they are fundamental to each firm’s competitive strategy. Usually, both instrumentshave been studied separately, but much less in conjunction. This is unfortunate as bothprocesses - the process of innovation...

While in less developed and in transition economies microlending has become an efficient instrument for providing small and micro businesses with the necessary financial means, in industrialized countries, with highly developed banking systems, the existence and size of an uncovered demand for...

Crowdfunding provides innovation in enabling entrepreneurs to contract with consumers before investment. Under aggregate demand uncertainty, this improves screening for valuable projects. Entrepreneurial moral hazard and private cost information threatens this benefit. Crowdfunding's...

Pay What You Want (PWYW) and Name Your Own Price (NYOP) are customer driven pricing mechanisms that give customers (some) pricing power. Both have been used in service industries with high fixed costs to price discriminate without setting a reference price. Their participatory and innovative...