The use of traditional industry-level profitability indicators for assessing the state of competition is problematic for two reasons. First, short-term variation reflects business cycles more than it does the impact of competition policy. Second, rough industry-level indicators hide different...

The objective of this paper is to analyze the procedures used by multinational enterprises to distribute the income generated by its foreign subsidiaries, and how they allocate the taxes paid on this income through the fiscal jurisdiction in which they operate, from the institution based view....

Contemporary American interest in using antitrust law to address wealth inequality is a symptom of American political dysfunction rather than a reflection of any intellectual advance regarding the sources of inequality. Indeed, both the original American progressives of a century ago, as well as...

Everyone agrees that job prospects for many new law graduates have been poor for the last several years; there is rather less consensus on whether, when, how, or why that may change as the economy recovers from the Great Recession. This Article analyzes historical and current trends in the job...

This paper aims to identify the signs of insolvency or competitiveness in the multilayered structure of all industries and enterprises and in the integration method.From an industrial perspective, this paper identifies the spectrum of industrial competitiveness across all subsegments of the...

Die unterschätzte Herausforderung: Der Marketing-Mix und seine Interdependenzen -- Architektur der Smarten Marketing-Mix-Werkstatt -- Werkstattbereich I: CheckUP -- Werkstattbereich II: Vorbereitung Marketing-Mix -- Werkstattbereich III: Mit den IDZ-Service-Stationen die...

In markets for credence goods sellers are better informed than their customers about the quality that yields the highest surplus from trade. This paper studies second-degree price-discrimination in such markets. It shows that discrimination regards the amount of advice offered to customers and...

Renewable resources provide society with resource rent and surpluses for resource users (the processing industry, consumers) and owners of production factors (capital and labor employed in resource harvesting). We show that resource users and factor owners may favor inefficiently high harvest...