Located in Northern Italy, the town of Cremona is one of the world’s greatest violin making clusters, dating back to the 16th century; to the father of violin making, Andrea Amati. The violins in Cremona made by his protégés, Stradivari and Guarneri, are still played today by top performers,...

We model the decision to exhaust depth, which either flips the best quote to the opposite side or widens the spread. Such events often revert to the previous best quote. The model implies that quote flipping results in trade clusters at the competitive equilibrium. Using the S&P E-mini futures...

This book focuses on East Asia, which has been attracting FDI and a centre of industrial agglomeration, and because of this, the production structure in the world has been dynamically transforming. This book analyzes this world trend and provides a framework for strategy that is required not...

Intro -- Contents -- Preface -- About the Authors -- Abbreviations -- Chapter 1 Competition, Competition Policy, and Growth -- Competition and Growth -- Product Market Regulation and Economic Performance -- Competition Policy -- Conclusion -- Notes -- References -- Chapter 2 Competitiveness and...

Background: Industry clusters and their relationship with the organization's success, competitive advantage and innovations have been gaining research interest for decades, with the recent focus on defence industry. Objectives: The aim is to investigate how Croatian Defense Industry...