A `collusion puzzle' exists by which, even though increasing the number of firms reduces the ability to tacitly collude, and leads to a collapse in collusion in experimental markets with four or more firms, in natural markets there are such numbers of firms colluding successfully. We present an...

The main purpose of this study is to highlight the key success factors of project management and examine the relationships between the new challenges facing companies due to globalization and the way they have to adapt their way of managing projects due to those shifts. This study also aims how...

Using data from 1,226 matches played over 18 seasons, we analyse match attendances in the group stages of the European Rugby Cup (ERC). We find that short-run (match) uncertainty had little effect on attendances. This finding is significant as the ERC has been replaced by a new competition which...

We consider a simple model where downstream firms (retailers) carry the product of an upstream supplier (manufacturer). Under very general demand conditions, we show that, when downstream entry is endogenously dependent on profitability conditions, the optimal wholesale price charged by the...

In order to analyze the optimal degree of privatizing an upstream public firm, this paper sets up a vertically related market that consists of an upstream mixed oligopoly with one public firm and m private firms and a downstream oligopoly with n private firms. The major findings of this paper...

It is often suggested that incentive schemes under moral hazard can be gamed by an agent with superior knowledge of the environment, and that deliberate lack of transparency about the incentive scheme can reduce gaming. We formally investigate these arguments in a two-task moral hazard model in...

This paper examines (1) the change in commercial banks’ risk taking as states in the United States removed restrictions on bank branching within state borders and (2) the channels through which the removal of these restrictions affect bank risk taking. I find that, after the liberalization of...

A cikk a beszállításokat mint a vállalatok közötti kapcsolatok sajátos, növekvő szerephez jutó válfaját tárgyalja. Míg korábban a legtöbb piacgazdaságban a beszállítások főként kapacitáskiegészítő funkciót töltöttek be, a hetvenes években már mindinkább...

A tanulmány célja egy olyan piackoncepció alapjainak felvázolása, amely illeszkedik egy általánosabb intézményi elmélethez, s amelyben a piac megmagyarázása összekapcsolódik a vállalatéval. A különböző piackoncepciók és piacelméletek áttekintése és kritikája nyomán a...

A tanulmány a vertikális koordináció jelenségét vizsgálja a mezőgazdaságban. A vertikális koordináció fogalmának tisztázása után bemutatja annak fontosabb irányzatait a fejlett országok mezőgazdaságában. A tranzakciós költségek és az ipari szervezetelmélet eredményeit...