The world economic crisis has necessitated finding ways for survival in the most pessimistic scenarios or just cutting costs in the best situations. US Banks suffered the most from the crisis. Banks in Macedonia are not feeling the same effects. The world financial crisis didn't jeopardize the...

Firms in the S and P 500 often announce layoffs within days of one another, despite the fact that the average S and P 500 constituent announces layoffs once every 5 years. By contrast, similarsized privately-held firms do not behave in this way. This paper provides empirical evidence that such...

We build a model of reputation featuring a long-lived player (e.g. an online seller) and an infinite sequence of short-lived players (e.g. online buyers) which is consistent with three crucial idiosyncrasies of online reputation systems. First, players observe history of past actions upon...