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...

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...

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...

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...

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...

The cease-and-desist commitment (CCP, a mechanism equivalent to a Consent Decree in the United States) is an agreement between the Administrative Counsel of Concurrence Defense (CADE) and an anticompetitive firm, aiming to cease the investigated practice in a certain period of time. During this...

O CCP equivale a um acordo entre o CADE e a firma acusada de agir anticompetitivamente, com vistas a interromper a prática investigada dentro de um prazo estabelecido. Durante este compromisso, o processo fica suspenso e, após este período, se for concluído que a parte acusada se comportou...