We study frictionless matching models in large production economies with and without market imperfections and/or incentive problems. We provide necessary and sufficient distribution-free conditions for monotone matching which depend on the relationship between what we call the segregation payoff...

The organization of supply relations varies across industries. This paper builds a theoretical framework to compare three alternative supply structures: vertical integration, networks, and markets. The analysis considers the relationship between uncertainty in demand for specific inputs,...

Drawing upon diverse streams of theorizing within the organizational literature, this paper proposes an integrated view of corporate and business strategy as "design", which poses a dual challenge to firms involving content and process.

L'objectif de cet article est de s'interroger sur les domaine pertinents des notions de confiance et de proximite appliquees aux descriptions des dynamiques de la R&D observees dans l'industrie pharmaceutique.

En distinguant information et connaissance nous développons une approche de la firme fondée sur les compétences intégrant les perspectives stratégiques et évolutionnistes. Nous insistons particulièrement sur la dynamique de co-construction des compétences distinctives au niveau de la...

The application of Nash bargaining solution to profit division in negotiation between opencast lignite mine and power plant has been discussed. Different proposals of status quo point usage and ways of its determination for profit sharing both in strategic and tactical/operational negotiation...

This paper analyses the association between diversification and firm performance in a sample of up to 1449 large Australian firms (1994 to 1997). Firm performance is measured by profitability and, for quoted firms, market value. Results from the full sample show that more focused firms have...

This research explores the evolution of co-operation among different types of intermediaries in the UK and Mexican financial systems and provides an international comparison. In it we focus on how and why collaboration between commercial banks and non-bank financial competitors emerged in the...

The paper studies the performance of joint ventures where upstream firms sell inputs to a production joint venture. It is found that joint ventures lead to overinvoicing of input prices (transfer prices) compared to integrated firms resulting in lower aggregate profits. Tax and tariff policy may...

For many parameter vectors, the sustainable configuration of an industry where multiproduct firms have CES cost functions fails to imply the existence of a multiplicity of multiproduct firms. Copyright Blackwell Publishers Ltd and the Board of Trustees of the Bulletin of Economic Research, 2004.