In different industries, such as automobiles, chemicals, or retailing, competitors are joining forces in establishing electronic marketplaces to reduce inefficiencies in the purchasing process and cut costs by combining their buying power. Joining such an alliance leads to reduced costs,...

The reactive bargaining set (Granot(1994)) is the set of outcomes for which no justified objection exists. Here, in a justified objection the objector first watches how the target tries to act (if he has such an option), and then reacts by making a profit and ruining the target's attempt to...

We propose a new farsighted solution concept for abstract games, the Subgame Perfect Consistent Set (SPCS), based on consistency in the spirit of the von Neumann Morgenstern solution and on subgame perfect equilibrium. Rather than follow constructs such as indirect dominance, farsighted players...

The impact of tightening the regulation of illegal insider trading in the United States is analysed. It is argued that more effective regulation will reduce the price run-up in target companies prior to takeover announcements. By comparing stock price responses to takeover announcements during...

Using data of Japanese electronics firms that have foreign direct investment (FDI) in the United States and Canada, this study employed a causal modeling framework to test hypotheses regarding the influence of firms' strategic advantages on the scale of their foreign subsidiaries. Our results...

The paper presents a holistic analysis of hospital management admission systems. It outlines control strategies which will facilitate a system's effectiveness for various organizational attributes. In particular, attention is focused on bed occupancy levels and on the stability of flows into the...

This exploratory study analyzed the subjective wellbeing of people living on reserves in two Canadian First Nations communities. Community members themselves identified key domains of wellbeing and contributing factors, and helped specify models linking overall wellbeing, domains’...