In equipment-intensive sectors - such as water utilities, power generation, gas - billions of dollars are spent in capital equipment. We discuss and characterize the optimal policy of a profit-maximizing firm and compare it with the optimal policy of a welfare-maximizing planner. When there is...

In equipment-intensive sectors — such as water utilities, power generation, gas — billions of dollars are spent in capital equipment. We discuss and characterize the optimal policy of a profit-maximizing firm and compare it with the optimal policy of a welfare-maximizing planner. When there...

<em>Innovation and marketing in traditional sectors: some industrial policy implications</em> - In an environment with increasing competition, the importance of taking care of customers through marketing, high quality service and after sale support has been shown to be crucial for getting competitive...

Il miglioramento qualitativo dei prodotti e di servizi alla clientela sono stati individuati, da una vasta letteratura sul tema, quali fattori determinanti per un riposizionamento di mercato. Inoltre, la necessità di un sostegno pubblico ad innovazioni che agiscano sulla qualità (effettiva o...

Sebbene il miglioramento qualitativo di prodotto e servizi alla clientela sia da tempo ritenuto un fattore determinante per un riposizionamento di mercato, in Italia attivitâˆšÉ private di R&S si sono tradotte in larga parte in acquisizione di macchinari. Neppure la necessitâˆšÉ di un...

Firms in equipment-intensive sectors, where investment in production is performed at diminishing marginal cost, spend billions of dollars in equipment and production capacity. Typically, this expenditure is induced by either the replacement of existing equipment, which deteriorates with age and...

A firm can merge with one of n potential partners. The owner of each firm has private information about both his firm's stand-alone value and a component of the synergies that would be realized by the merger involving his firm. We characterize incentive-efficient mechanisms in two cases. First,...

Middle Managers (MM) are key figures for firm ability to gain and sustaining competitive advantage (CIT). Their training activity can be seen as an important tool for improving and upgrading managerial practices to sustain firm strategy that is strictly related with its competitive advantage....