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...

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...

Spanish Abstract: No obstante la estrecha relación que existe entre la economía, la biología y la psicología desde finales del siglo XIX, –las principales categorías económicas tienen claras connotaciones psicológicas– la llamada “corriente principal” en economía no se ha...

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 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...