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Coleman [Coleman, J.S., 1971. Control of collectivities and the power of a collectivity to act. In: Leberman, B. (Ed.), Social Choice. Gordon and Breach, New York] proposed a measure of the power that a decision-making body has to pass any bill that comes before it. He termed it "the power of a...
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We analyse a detailed panel dataset on Indonesian manufacturing firms to characterise the exports puzzle: the surprising absence of export-led growth after the massive currency devaluation during the 1997-1998 Asian financial crisis. Our results show that, consistent with trade theory...
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This paper develops a new axiomatic characterization of the Banzhaf index of power using four axioms from four different contributions to the area. A nice feature of the characterization is independence of the axioms showing importance of each of them in the exercise.
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What makes or breaks the decision for an MNC to enter an emerging market beyond incentives for profit-maximization? What role exists for public-private partnerships as a mechanism for value capture in agricultural biotechnology investments into uncertain markets? The objective of the paper is to...
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