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 working paper is an initial effort to analyze theoretical contributions from New Institutional Economics (NEI), specially the Transaction Costs framework, for understanding financial mechanisms to innovation. Transaction Costs economy is one hand from firm’s contractual theories that...

Portuguese Abstract: O consenso da literatura é o de que o baixo nível de enforcement dos contratos e garantias seja uma causa importante do alto spread bancário no Brasil. No entanto, por conta de uma dinâmica de causalidade reversa, pode haver uma endogeneidade na estimação deste efeito...

Portuguese Abstract: O objetivo deste artigo é avaliar a "Metodologia para Determinação do Fator X" proposta pela ARSESP para a Revisão Tarifária do Setor de Distribuição de Gás Natural, no terceiro ciclo tarifário. A correta determinação do Fator X é de fundamental importância no...

The essay will try to debate about the institutional theory, confronting the emergence of institutionalism with the limits of neoclassical theory. The initial old institutionalism and the new institutionalism ideas will be discussed trying to underline what distinguishes the ideas of Coase and...

The Theory of the Costs of Transaction disciplines that in a certain market there must exist a flow of information, in way to propitiate a favorable atmosphere to the decrease of the uncertainty and asymmetry of information that would avoid the fraud attitudes and consequently the reduction of...

The Theory of the Costs of Transaction disciplines that in a certain market there must exist a flow of information, in way to propitiate a favorable atmosphere to the decrease of the uncertainty and asymmetry of information that would avoid the fraud attitudes and consequently the reduction of...

This article evaluates the trajectory of foster family care services in Brazil, since its entry into the federal government's select public policy agenda, from the elaboration of the National Plan for Living in Family and Community (2006) which brought, among its objectives, the promotion and...