The literature on organizations is replete with deal-type-theories. Most of them take the whole organization as their level of analysis and study the ideal organization from an objective and macro point of view (e.g. the bureaucracy). Less is known, however, about what the ideal organization...

We analyze the impact of mandatory access on the infrastructure investments of two competing communications networks, and show that for low (high) access charges ?rms wait (preempt each other). Contrary to previous results, under preemption a higher access charge can delay ?rst investment. While...

Part of the way venture capitalists add value to portfolio firms is by obtaining and transferring information about senior managers across firms over time. Information transfer occurs on a significant scale and takes place both among a single venture capitalists portfolio firms and between...

The purpose of this paper is to study the implications of introducing a stochastic stock in a multi-gear and age structured bio-economic model for the Northern Atlantic Bluefin tuna. In order to account for variations on the recruitment, uncertainty is introduced on a bilinear recruitment...

We use an adverse selection model to study the dynamics of ?rms?reputations when ?rms implement joint projects. We show that in contrast with projects implemented by a single ?rm, in the case of joint projects a ?rm?s reputation does not necessarily increase following a success and does not...

The purpose of this paper is to examine the stability of the cooperative management agreement of the North Atlantic Bluefin tuna fisheries over time,as the stock recovers, assuming that the players were engaged in previous cooperation for a certain period of time. This analysis is focused on the...

A “Doença de Baumol” refere que o baixo crescimento da produtividade no sector da saúde e a uniformidade dos salários da economia como um todo, fazem com que os custos neste sector, dito “estagnado”, sejam inevitavelmente crescentes o longo do tempo. Este facto coloca uma pressão...

We study the extent to which equilibrium payo®s of discounted repeated games can be obtained by 1 { memory strategies. First, we present robust examples of games in which there is a subgame perfect equilibrium payo® pro¯le that cannot be obtained by any 1 { memory subgame perfect equilibrium....