Over the past two decades, southern African countries have experienced rapid growth in the number and spread of supermarkets. Several factors have been attributed to this growth, including increasing urbanization, increased per capita income, the rise of the middle class, economies of scale and...

We take for granted that the basic choice in public policy is between allocation of resources by government bureaucracy, on the one hand, or allocation by markets, on the other. But that dichotomy is false, and at least under contemporary circumstances it is more accurate to describe the choice...

Since even before Copperweld Corp. v. Independence Tube Corp., 467 U.S. 752 (1984), it has been thought that antitrust needs some "theory of the firm" to inform its application of a "single-entity" defense in Sherman Act section 1 litigation. Not only is that sense mistaken, it is emblematic of...

This paper investigates the empirical importance of allowing for multi-dimensional sources of unobserved heterogeneity in auction models with private information. It in turn develops the estimation procedure that recovers the distribution of private information in the presence of two distinct...

In this paper we show that bank competition has an intrinsically ambiguous impact on capital accumulation. We further show that it is also responsible for the emergence of development traps in economies that otherwise would be characterized by unique equilibria. These results explain the...

A detailed pilot research of ISO certified organizations in Eastern Europe leads the author to suggest that the process centric management approach does not solve the efficiency and optimization issues which are currently faced by commercial organization. An alternative approach to continual...

Historically, the Indian textiles and clothing industry has comparative advantage in production and exports which could not be fully utilized because of quantitative restrictions imposed by her major export markets such as USA and European Union. It was therefore, envisaged that with the...

The textiles and clothing sector involves most unskilled labour-intensive activities, requires minimal training but offers the most employment opportunities as compared to any other manufacturing sector. In the area of international trade, exports from this sector have played a very crucial role...

China and India are the two major gainers from the removal of quotas on textiles and clothing with phasing out of Multifibre Arrangement (MFA) with effect from Jan. 1, 2005. However, to reap the maximum benefits of the new quota free regime and to sustain the growth in this sector it is...