In a Case Law regime Courts have more flexibility than in a Statute Law regime. Since Statutes are inevitably … most economic decisions are already taken. Therefore, the advantage of flexibility for Case Law is unavoidably paired with … pairs the lack of flexibility with the ability to commit in advance to a given (forward looking) rule. This solves the time …

flexible technology allowing for such option. Investment is irreversible and flexibility is costly. The problem is solved …

under study is flexible. Flexibility is important because it gives the firm option value. Higher volatility increases the …

The main aim of the paper is to highlight the relation between flexibility and vertical integration. To this purpose … dynamic uncertain environment. The enterprise we model enjoys flexibility since it can switch from a certain amount of … produce all inputs even when it buys them in the market. This sort of flexibility makes for results which are somehow contrary …

activities by facilitating more flexible organisational structures in firms. We distinguish between functional flexibility (the … ability of workers to co-operate and take decentralised decisions) and numerical flexibility (the reduction of fixed costs … that ICT use is associated with an increase in both types of flexibility but the implications for innovation activities …

quality of start-ups. The basic hypothesis is that flexibility enhances the long run prospects of the small firm. This is … in Scotland. New measures of flexibility and turbulence are used to explain the performance of mature small firms. These … 28 distinct attributes.Econometric estimates are reported on the relationship between flexibility, turbulence and …