It is shown that in an economy with non-marginal set-up costs on the capital side, which imply a minimum requirement of capital, production may be carried out by capitalist firms only, irrespective of the fact that workers can exchange work for capital so that labour-managed production seems...

Social conventions and norms can be modeled as equilibria of coordination games. It is argued that the critical mass necessary for a society to move from one convention, that is from one equilibrium, to another changes correspondingly with changes in the population structure due to generation...

The message of this paper is that value of a coalition is power. This coincides with the view that coalitions do not have preferences, but merely represent the preferences of their members. Implications are discussed with the respect to (a) the hypothesis that power indices cannot explain...

The paper presents an overview of issues related to standardization in the European transportation market. The paper identifies current trends in the European transportation policy: deregulation in service markets, horizontal integration of infrastructures/networks, and vertical disintegration...