This paper examines if taking into account changes in the number of producers, or equivalently changes in the product variety space over the business cycle, helps to understand and replicate international business cycle facts. To this end, we develop a two-country model in which the economy is...

The objective of this article is to investigate whether, despite of the goal of utility maximization defended by the neo-classic economic theory, the altruism can prevail inside organizations. Initially, one brief discussion of the altruism will be presented, analyzing this concept from some...

This works studies evidences banks' daily behavior pattern of managing reserves, analyses the rationality behind such observed behavior and its main influencing factors. This study contributes to the existent literature in two fronts: proposing a methodology for analyzing bank reserves' daily...

No mercado de trabalho, observa-se que os trabalhadores de empresas com elevado risco de falência têm salários mais baixos que a média. Aparentemente, esta observação é contrária ao previsto pela teoria financeira relativamente a agentes racionais e avessos ao risco que prevê que os...

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...

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...

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...

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...