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A model of the economic system with the property rights distributed among several agents is considered. The effect of property rights allocation on the economic efficiency of the management strategies is studied.
Persistent link: https://www.econbiz.de/10011260579
and group rationality in bilateral monopoly (BM) and the reduction of incentive to opportunism together with the increase … or competition, rational arguments or rational threats, maximization of joint profits or only their own. …
Persistent link: https://www.econbiz.de/10005260247
market competition. In markets with effective competition, horizontal multiple directorships turn out to be an efficient … firms have no significant influence on financial performance, irrespective of the level of competition intensity …
Persistent link: https://www.econbiz.de/10013024843
This work is a PhD dissertation, written at the Department of Economics, McGill University. The thesis offers a new framework for inflation as a process of restructuring. Contrary to existing theories of inflation, which tend to take structure and institutions as given for the purpose of...
Persistent link: https://www.econbiz.de/10005789620
We study how competition and corporate governance may explain investment decisions of Mexican manufacturing firms. We … ownership and control), and market competition may encourage investment decisions. Furthermore they suggest an inverse … census data. Our results suggest that investment is better explained by the Dominance Index, a Mexican measure of …
Persistent link: https://www.econbiz.de/10008804693
Greif, Milgrom and Weingast (1994) argued that the ability of the merchant guilds to encourage trade expansion required an internal mechanism to enforce compliance to trade embargoes, otherwise credible incentives for "embargo breaking" would have rendered them ine¤ectual. We show that...
Persistent link: https://www.econbiz.de/10011260041
This paper examines simultaneous versus sequential choice of effort in a two player contest with a general contest success function. The timing of moves, determined in a pre-play stage prior to the contest-subgame, as well as the value of the prize is allowed to be endogenous. Contrary to...
Persistent link: https://www.econbiz.de/10008493030
good, compared to an uncontested monopoly (textbook case). We analyze the complex relationship between the cracking efforts …
Persistent link: https://www.econbiz.de/10005621945
We revisit Greif's (1993) analysis of trade between the 11th-century Maghribi traders and present two different models which bring into play, in an essential way, historical features of the Maghribi's organization which had no role in Greif's own analysis. Our reformulation of the Maghribi's...
Persistent link: https://www.econbiz.de/10005790050
We study a real supply chain environment from which specific information and knowledge can be extrapolated for other similar environments. We focus our research on the analysis of the interactions between members forming different teams (and between the teams themselves), and on the leader’s...
Persistent link: https://www.econbiz.de/10008555429