We analyze the privatization of highway firms, focusing both on the sale of the shares of these firms and the tenders organized by the highway firms for the maintenance of the highways network. If a public works firm buys shares of a highway firm, tenders become inefficient and the revenue of...

This paper studies alliances through a methodological device based on simulation. The model results, compared to the photographic industry evolution, allows to formalize its dynamics. Diversity appears as the essential engine of the adaptation, implying various strategies of alliances in term of...

Pourquoi le meilleur des apprentis ne parviendra-t-il jamais exactement au même niveau de maîtrise que son maître ? La question de l’application et du transfert des compétences est essentielle pour beaucoup d’organisations. Dans les organisations qualifiées de « professionnelles »,...

We demonstrate that the Varian (1980) model of sales has a unique Nash equilibrium when firms incur costly advertising to compete for informed consumers. The equilibrium is symmetric. In particular, with costly advertising, the asymmetric equilibria highlighted by Baye et al. (1992) do not arise.

Bien qu'elle soit encore assez peu usitée, la notion de capital immatériel représente une source non négligeable de création de valeur au sein des réseaux bancaires.Trois composantes distinctes mais interconnectées entre elles, sont à l'origine de ce concept.

We show that, in general, consistent estimates of cost pass-through are not obtained from reduced-form regressions of price on cost. We derive a formal approximation for the bias that arises even under standard orthogonality conditions. We provide guidance on the conditions under which bias may...

We analyze the sourcing strategies of firms active in the Spanish manufacturing sector. We show that firms that select strategies of vertical integration and of foreign sourcing ex post tend to have been more productive, ex ante, than other firms.