This paper extends D’Aveni’s hypercompetition concept based on the core competencies’ approachby means of the addition of an institutional economic explanation. In this process it is demonstratedthat the hypercompetitive conduct of economic protagonists in addition to the core...

Economists generally assume that the state has sufffcient institutional capacityto support markets and levy taxes, assumptions which cannot be taken forgranted in many states, neither historcally nor in today’s developing world.Our paper develops a framework where "policy choices" in market...

This paper explores the consequences of creating and improvingproperty rights so that …xed assets can be used as collateral. Thishas become a cause célèbre of Hernando de Soto whose views areinfluential in debates about policy reform concerning property rights.Hence, we refer to the economic...