We develop a game-theoretical model to examine the implications of the introduction of a non-profit "public option" in the U.S. health insurance market, in which a continuum of heterogeneous consumers, each facing unknown medical expenditures and differing in their expectations of such...

¿ Las Empresas Públicas funcionan en general con una menor eficiencia que sus equivalentes Privadas, como reza el tópico al respecto? Se trata de un lugar común utilizado profusamente como un axioma indiscutible, principalmente desde posiciones políticas conservadoras. Aunque también...

The “systemic acquis” wording revalorises the concepts used in building the European Union. By similarity with these, the public administration’s systemic acquis will include the concepts, theories and fundamental results belonging to the General Theory of Systems and applying to the...

Transformation of energy systems is influencing economic policy agendas all over the world, particularly so in industrialized countries. In this process, Germany has taken a pioneering role. Technical innovations, institutional frameworks, and business models established there are of interest...

The paper presents a game-theoretic model in order to investigate to what extent an employee privatization program of a State owned firm can be feasible under certain assumptions concerning the players' objective functions and the market structure in which the firm operates. The public managers...

Recently, outsourcing services became an important component of the organizational strategy of the firm. However, a large number of studies focused mainly on the determinants of outsourcing ignoring its structural effects. The aim of this paper is to examine to what extent outsourcing...

Firms that report insufficient electricity from the public grid are likely to experience higher constraints on access to finance. The lack of availability of electricity will translate to greater production delays and lower expected profits. Consequently, it will have an adverse impact on the...

SMEs play a crucial role in modern societies; being regarded as the foundation of a global competitive economy. Entire economic concepts evolved based on the SMEs sector evolution like entrepreneurship, innovation, competitiveness, etc. The current paper is aimed at presenting the current state...

The employment problems that the United States now faces are largely structural. The structural problem is not, however, as many economists have argued, a labor-market mismatch between the skills that prospective employers want and the skills that potential workers have. Rather the employment...

The M&A transactions represent a wide range of unique business optimization opportunities in the corporate transformation deals, which are usually characterized by the high level of total risk. The M&A transactions can be successfully implemented by taking to an account the size of investments,...