Financial markets have become increasingly integrated throughout the world. Does this mean that local financial institutions are becoming irrelevant? We argue that due to the information asymmetries involved in credit concession and banks' role as monitors the answer is no. Motivated by...

Financial markets have become increasingly integrated throughout the world. Does this mean that local financial institutions are becoming irrelevant? We argue that due to the information symmetries involved in credit concession and banks’ role as monitors the answer is no. Motivated by...

We study experimentally a standard four-player Hotelling game, with a uniform density of consumers and inelastic demand. The pure strategy Nash equilibrium configuration consists of two firms located at one quarter of the ``linear city'', and the other two at three quarters. We do not observe...

Portuguese Abstract: El éxito o fracaso de las mipymes depende de la dinámica de los gerentes de las empresas responsables de la toma de decisiones y a su vez, esta va a depender de las capacidades, conocimientos y habilidades que se adquieran mediante la educación financiera. Este estudio...

This paper investigates whether global sourcing is significant as a causative factor to explain innovation in the Brazilian industry. The main conclusion is that this factor is important only in the scale intensive industrial sectors. Besides the National Innovation System seems to be weak and...

One of the major tasks facing a transition economy is to create the competitive environment of a properly functioning market economy. This paper attempts to analyze the relationship of market structure, market imperfections and corporate performance by mark-up pricing. There is clear evidence...

The geographic concentration of firms has been successful recently in many ways: international competitiveness of these firms, regional income growth, etc. The Italian industrial districts are the case of highest relevance in international literature. In Joinville, there is a significant...

This paper investigates whether global sourcing is significant as a causative factor to explain innovation in the Brazilian industry. The main conclusion is that this factor is important only in the scale intensive industrial sectors. Besides the National Innovation System seems to be weak and...

This paper analyzes the effects of an individual transferable quota (ITQ) system implemented on bycatch on the global harvest level of oligopolistic fisheries. We show that the impact of changes in the total allowable catch (TAC) on the equilibrium harvest level depends on the degree of returns...