While intra-firm trade accounts for at least one third of world exports, we know very little about the institutions … intra-firm transactions are basically of the same type and nature than conflicts arising out of market transactions. We …

towards some limited use of weaker, liability rule treatment, usually portrayed as “just enough” to facilitate transactions in …

time effects. All countries display a massive reallocation of resources, with the entry and exit of many firms in all … market contestability. There are also large differences across groups of countries. While entry and exit rates are fairly … similar across industrial countries, post entry performance differs markedly between Europe and the U.S., a potential …