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This paper provides a new rationale for bundling based on informational leverage. It is demonstrated that physically tying a product of established quality to one of unknown quality may mitigate the problem of asymetric information encountered in the latter market. Leveraging reputation in one...
Persistent link: https://www.econbiz.de/10005162754
This paper examines the evolution of a skew distribution of firm sizes from the viewpoint of the 'Bounds' approach to market structure. It confines attention to the role played by non-strategic factors (statistical independence, and cost side effects). A model is proposed, which leads to a...
Persistent link: https://www.econbiz.de/10010334911
Sellers are typically better about product quality and sales practices than are purchasers, and might be tempted to exploit their superior knowledge to deceive buyers. Firms themselves, buyers, and third-parties attempt to level the playing field with a variety of confidence-building measures,...
Persistent link: https://www.econbiz.de/10005611734
This paper examines the evolution of a skew distribution of firm sizes from the viewpoit of the "Bounds" approach to market structure. It confines attention to the role played by non-strategic factors (statistical independence, and cost side eddects). A model is proposed, which leads toa...
Persistent link: https://www.econbiz.de/10005639299
This paper examines the evolution of a skew distribution of firm sizes from the viewpoint of the 'Bounds' approach to market structure. It confines attention to the role played by non-strategic factors (statistical independence, and cost side effects). A model is proposed, which leads to a...
Persistent link: https://www.econbiz.de/10010818311
position. A very important role in improving the innovativeness of enterprises, regions or the national economy is played by …
Persistent link: https://www.econbiz.de/10011984351
position. A very important role in improving the innovativeness of enterprises, regions or the national economy is played by …
Persistent link: https://www.econbiz.de/10011873993
Press reports of procurement fraud investgations, indictments, and suspensions are associated with significantly negative average abnormal returns in the stocks of affectd firms. Abnormal stock returns are significantly less negative, however, for firms ranking among the top 100 defense...
Persistent link: https://www.econbiz.de/10005245432
automatically form the most productive coalitions due to the presence of communication frictions. …
Persistent link: https://www.econbiz.de/10005200460
The main body of the paper analyses the reasons and the nature of Corporation's remarkable growth during the economic reform years since the late 1970s in China.
Persistent link: https://www.econbiz.de/10005207819