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Over one million firms around the world have adopted a Quality Management System (QMS) that conforms to ISO 9001 certification in 2015 and recent figures show that certifications have rapidly increased in emerging economies. ISO 9001 is considered a signal of high quality for products or...
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competing for donations in the fundraising market. Our aim is to investigate the impact of publicly available contract … information on fundraising competition of nonprofit organizations. We argue that, although such provision makes contract … relaxes existing fundraising competition. This is beneficial in terms of nonprofits' outputs, in particular when these …
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This paper explores how social interactions among consumers shape markets. In a two-country model, consumers meet and exchange information about the quality of the goods. As information spreads, the demands evolve, affecting the prices and quantities manufactured by profit-maximizing firms. We...
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automating tasks, increasing standardization of processes and a stronger division of labor, con-siderable unit costs savings were …
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Standards reduce production costs and increase products' value to consumers. Standards however entail risks of anti-competitive abuse. After the adoption of a standard, the chosen technology normally lacks credible substitutes. The owner of the patented technology might thus have additional...
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