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We offer the first direct evidence of an implicit contract in a goods market. The evidence we offer comes from the … market for Coca-Cola. We demonstrate that the Coca-Cola Company left a substantial amount of written evidence of its implicit … market conditions, we demonstrate that the perceived costs of breaking the implicit contract were large. We argue that one …
Persistent link: https://www.econbiz.de/10008934602
This study contributes to the empirical industrial organization literature by deriving and estimating the empirical equation containing the parameter for bargaining power and an indicator of competition between suppliers. We specify a reduced form of the price equation, which is composed of the...
Persistent link: https://www.econbiz.de/10013105837
Union membership in the United States displayed a ∩-shaped pattern over the 20th century, while income inequality sketched a ∪. A model of unions is developed to analyze these facts. There is a distribution of productivity across firms in the economy. Firms hire capital, plus skilled and...
Persistent link: https://www.econbiz.de/10013008125
Starting with the framework of New Institutional Economics, this Comment examines the institutional arrangements of Chinese and U.S. governance, and then scrutinizes their respective policy responses to the financial collapse of 2008. The latent thesis is that, notwithstanding differences in...
Persistent link: https://www.econbiz.de/10013077492
its market shares in recent years. Simulation results showed that the United States will play important roles in future …
Persistent link: https://www.econbiz.de/10014063062
This paper evaluates the recent literature claiming that the US economy has generally become less competitive causing the US economy to perform poorly and that lax antitrust policy is one important reason for the decline in economic performance. Although there certainly are empirical facts...
Persistent link: https://www.econbiz.de/10012829706
I estimate a theoretically and statistically satisfying model to account for the demand for lease renewals for one of the largest Real Estate Investment Trust companies (REIT) in the U.S. The variables that together account for ninety eight percent of the variation in the demand for lease...
Persistent link: https://www.econbiz.de/10014215507
This work is a PhD dissertation, written at the Department of Economics, McGill University. The thesis offers a new framework for inflation as a process of restructuring. Contrary to existing theories of inflation, which tend to take structure and institutions as given for the purpose of...
Persistent link: https://www.econbiz.de/10005789620
market environment such as market structure, industry concentration, the nature of long-term relationships, contractual …
Persistent link: https://www.econbiz.de/10003817308
This work offers an overview of recent formalizations of organizational capabilities and learning. We first present the main characteristics both of NK models and of the approach based on Classifier Systems, focusing on their early applications to organization studies. We then discuss how the...
Persistent link: https://www.econbiz.de/10011610278