The paper presents a chronological unravelling of the political economy of Zimbabwe. It commences by giving an analysis of economic performance within a framework of four periods, namely, (i) the pre-independence period, (ii) the post-independence period of controls, (iii) the economic...

This article provides an account of the experience of highly casualized forms of work within the UK Direct Selling industry (double glazing, fitted kitchens etc.). The employment relationship in this industry has long been associated with no fixed hours of work, predominantly commission only...

This paper analyzes optimal procurement mechanisms in a setting where the procurement agency has incomplete information concerning the firms’ cost functions and cares about quality as well as price. Low type firms are cheaper than high type firms in providing low quality but more expensive...

Theoretical IO models of horizontal mergers and acquisitions make the critical assumption of efficiency gains.Without efficiency gains, these models predict either that mergers are not profitable or that mergers are welfare reducing.A problem here is the empirical observation that on average...

Airline industry restructuring proceeded in high gear following the 9/11 attacks, which triggered a global air transport crisis in the beginning of the new millennium. European (network) legacy carriers have been reorganizing to meet low-cost challengers in European and new competition in global...