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We analyze equally competitive spouses competing for promotion in their respective workplaces and show that an asymmetric equilibrium featuring household specialization can arise. Examples where the asymmetric equilibrium is welfare-superior to the symmetric equilibrium are highlighted. By...
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developing countries. This paper develops a theory of family business that brings market forces and the family, as a nonmarket …Family businesses make up forty percent of the Fortune 500 companies in the US, generate about two-thirds of the German …, and succession, which allow family businesses to thrive and to successfully compete with other businesses …
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developing countries. This paper develops a theory of family business that brings market forces and the family, as a nonmarket …Family businesses make up forty percent of the Fortune 500 companies in the US, generate about two-thirds of the German …, and succession, which allow family businesses to thrive and to successfully compete with other businesses …
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