This paper further develops the standard modelling of information exchange between firms in the presence of demand uncertainty which applies to firms in new industries and insecure regions or markets. We replace the normal distribution of the random variables, commonly used because of its...

Concern over the potential need to redefine universal service to account for Internet-related services and other combinations of communication and computing motivates this study of the geographic spread of commercial Internet Service Providers (ISPs), the leading suppliers of Internet access in...

We recall the historical changes that have taken place in the power markets worldwide and that have led to a partial or full opening for competition. Afterwards we discuss power market structure with special emphasis on differences between financial or other commodity markets on one hand and the...

English Abstract: The development of the Polish corporate bonds market resulted from changes on the supply side. When the Lehman Brothers went bankrupt, Polish entrepreneurs realized that financing their companies' operations only with the use of credit, even if contracted from different...

I estimate a single factor model of Swiss exchange rates during World War I for five of the primary belligerents: Britain, France, Italy, Germany, and Austria-Hungary. At the outbreak of the war these nations suspended convertibility of their currencies into gold with the promise that after the...