We study a competitive theory of middlemen with brand-name reputations necessary to overcome product quality moral hazard problems. Agents with heterogeneous abilities sort into different sectors and occupations. Middleman margins do not equalize across sectors if production of different goods...

Geographic information represents, within the European Policy for Geographic Information a complex part of information society which changes continously and which has a wide range of applicability. This can be groupped into two categories: spatial, geographic information and descriptive,...

The necessity to attach complex information to these graphic entities as well as the possibility to make descriptive and graphic operation analysis on these items caused the GIS systems to take another direction from the CAD system simplifying the graphic representation of these entities and...

In credence goods markets, experts have better information about the appropriate quality of treatment than their customers. As experts provide both diagnosis and treatment, this leaves scope for fraud. We experimentally investigate how intensity of price competition and the level of customer...

Companies in the modern environment which constantly changes competitiveness, have to devote significant time and resources, financial and human, as well as the energy to measure their own performance in achieving the preset strategic goals. Although the methods of managing business have...

The purpose of the study is to report on an in-depth exploration of service quality in a higher education and to evaluate the relative efficacy of two measuring instruments of service quality (namely Higher Education PERF-ormance (HEd-PERF) and SERVPERF within a higher education setting. After a...

Industrial clusters are ubiquitous, and the associated low transaction costs allow producers to benefit from information spillovers, interfirm division and specialization of labor, and the development of skilled-labor markets. Previous studies, however, have seldom quantified the benefits on...

The work pass in review a few basic concepts found in quality management focusing on operational aspects of quality assurance in production activity and continue with issues regarding total quality strategy, the vector of competitiveness on the market.

The collapse of so many AAA-rated structured finance products in 2007-2008 has brought renewed attention to the causes of ratings failures and the conflicts of interest in the Credit Ratings Industry. We provide a model of competition among Credit Ratings Agencies (CRAs) in which there are three...