This paper develops a theory of the centralization of firms engaged in multi-market collusive agreements. A centralized organization (called the unitary or U-form) allows price coordination across several markets, whereas with decentralized (the multidivisional or M-form) firms the probability...

This paper surveys the most important economic contributions on technological flexibility. It focus mainly on two dimensions of flexibility: the possibility for flexible firms to adapt their production rate to demand fluctuations and the capacity to change the product design quickly. In the...

This paper surveys the microeconomic literature on multinational enterprises. It analyses the costs and the benefits for the firms of foreign direct investment. Then it studies how the firms invest abroad and the impact of some economic policies on foreign direct investment. Cet article propose...

<marquage typemarq="gras"/> The aim of this paper is to study the links between flexibility technological choices and tacit collusion in a duopoly. We prove that adoption of flexible technologies improves tacit collusion, when competition is à la Bertrand, but makes it more difficult, when competition is à la Cournot....

This note corrects Proposition 3 of Chang (1998). Copyright (c) 2002 Massachusetts Institute of Technology.