With increasing interest in renewable energy from agriculture, including biopower and cellulose ethanol, there is a need for better understanding of the economic organization of this emerging industry. Study of the organization of the biopower industry represents an under-researched area and a...

A simultaneous-equations framework is used to study the relationship between structure, conduct, and performance in US manufacturing in the 1980s and 1990s. The paper expands on earlier structure-conduct-performance studies by using a lag structure to signify that structure, conduct and...

Is advertising anticompetitive? One school of thought in industrial economics holds that advertising increases profits and reduces consumer welfare by creating spurious product differentiation and barriers to entry. Another school focuses on the informative character of advertising, claiming...

Purpose – The purpose of this paper is to extend the models of Johnson and Stulz, Klein and Klein and lnglis to analyse the properties of vulnerable American options. Design/methodology/approach – The presented model allows default prior to the maturity of the option based on a barrier which...

Aus dem Nachwort: Die Herausbildung und Festigung der sozialistischen Staatengemeinschaft ist der bestimmende Faktor der Entwicklung Europas nach 1945, seiner Gegenwart und Zukunft. In diesem Buch wird eine der Grundfragen dieses Prozesses dargelegt: der Kampf für die Sicherung des Friedens in...