The purpose of this paper is to examine the significance of institutional arrangements to development policies. Unfortunately, modern institutionalism has concentrated on the consequences of political and economic liberties (determined by the institutional environment) to development, with...

Family farms - whether small, medium-sized or large - remain as the largely predominant unit of production in agriculture throughout the world. This work examines the succession process in such entrepreneurships, through which the accumulated knowledge in management and the business assets are...

The purpose of this paper is to examine the significance of institutional arrangements to development policies. Unfortunately, modern institutionalism has concentrated on the consequences of political and economic liberties (determined by the institutional environment) to development, with...

Family farms - whether small, medium-sized or large - remain as the largely predominant unit of production in agriculture throughout the world. This work examines the succession process in such entrepreneurships, through which the accumulated knowledge in management and the business assets are...

This article presents the international tin industry as an oligopoly organized around the International Tin Council, making it a cartel with important participation in determining tin prices, mainly between the years 1960 and beginning of 1980. As a consequence of the oil shocks and the...

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...

The objective of this paper is to analyze, with the instruments of Game Theory, the incentives that can lead a Member State of the European Union to disregard the Stability and Growth Pact, and thus, to keep an excessive deficit, although aware of the political and financial risk associated with...

Leniency programs have shown to be an important tool to fight cartels. By reducing fees or guaranteeing imunity against criminal prosecution, leniency programs provide incentives to cartelized firms to reveal the cartel activities. We reveal the recent literature on leniency programs as well as...

We apply the random fields framework proposed by Durlauf (1997) and Brock and Durlauf (2001) to a non-cooperative game of binary choices. We extend their model to allow for a more general distribution of the economic agents heterogeneity, in accordance with Glaeser and Scheinckman (2001). We...