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efficiency through dynamic collusion. In the theoretical part we establish a fundamental asymmetry: it is easier to avoid …
Persistent link: https://www.econbiz.de/10010271079
efficiency through dynamic collusion. In the theoretical part we establish a fundamental asymmetry: it is easier to avoid …-cooperative solution have been achieved. -- Multilateral bargaining ; hold-up ; irreversible investment ; collusion …
Persistent link: https://www.econbiz.de/10003793068
efficiency through dynamic collusion. In the theoretical part we establish a fundamental asymmetry: it is easier to avoid …
Persistent link: https://www.econbiz.de/10014206637
In this contribution, at first, we introduce a basic network framework to study pyramidal structures and wedges between ownership and control of companies. Then, we apply it to a dataset of 53.5 million of companies operating in 208 countries. Among others, we detect a strong concentration of...
Persistent link: https://www.econbiz.de/10012901128
This paper reviews the revisions to the data communications parts of the International telecommunications Regulations adopted at this conference. These two bedrock normative rules: 1) open interconnection of devices of all kinds; and 2) resale and sharing of dedicated facilities allowed many...
Persistent link: https://www.econbiz.de/10014123691
Why do lawyers in some jurisdictions continue to ‘automatically’ exclude the 1980 UN Convention on Contracts for the International Sale of Goods (CISG) in their choices of law for international sales contracts? Why do lawyers in other jurisdictions approach the decision very differently? Why...
Persistent link: https://www.econbiz.de/10014192105
Persistent link: https://www.econbiz.de/10011689933
Persistent link: https://www.econbiz.de/10003730736
The research illuminates the role of financial structure (debt or equity financing) and contract renegotiation in enabling efficient adaptation over the course of long-term exchange. I provide evidence from a dataset of electricity marketing contracts about how electricity generators and...
Persistent link: https://www.econbiz.de/10012871974
This article analyzes the pros and cons of ownership separation of the gas transportation network. This analysis is made with a specific test that confronts two pairs of different theoretical approaches on vertical integration. The result of this test shows that no uncontroversial solution can...
Persistent link: https://www.econbiz.de/10012707645