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I examine how ex ante symmetric firms that compete in prices strategically decide to invest in research and development of cost-reducing technology when the rival firm and the consumers are not aware of the actual outcome of the investment. I also compare the strategic incentive to invest and...
Persistent link: https://www.econbiz.de/10010862318
Corporate governance is one of the most important issues to which has been paid attention by big companies due to the massive financial scandals of recent years. Corporate governance includes supervising the company management, separating the economic units from its ownership and protecting...
Persistent link: https://www.econbiz.de/10010903693
The relationship between Russia and Romania is very interesting and by analyzing its economical, geopolitical, historical and cultural components one may understand why Russia has a strategic interest in Romania’s key industries like the energy and steel sectors. This paper aims to find some...
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We address the question of competition within the location choices of firms. In a framework of agglomeration effects …, both spatial and temporal dimensions of the firms' decisions are studied. We show that the competition consequences of … tend to demonstrate that the relation between competition strength and spatial differentiation remains pertinent in a …
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