Part of the way venture capitalists add value to portfolio firms is by obtaining and transferring information about senior managers across firms over time. Information transfer occurs on a significant scale and takes place both among a single venture capitalists portfolio firms and between...

The purpose of this paper is to study the implications of introducing a stochastic stock in a multi-gear and age structured bio-economic model for the Northern Atlantic Bluefin tuna. In order to account for variations on the recruitment, uncertainty is introduced on a bilinear recruitment...

We use an adverse selection model to study the dynamics of ?rms?reputations when ?rms implement joint projects. We show that in contrast with projects implemented by a single ?rm, in the case of joint projects a ?rm?s reputation does not necessarily increase following a success and does not...

The purpose of this paper is to examine the stability of the cooperative management agreement of the North Atlantic Bluefin tuna fisheries over time,as the stock recovers, assuming that the players were engaged in previous cooperation for a certain period of time. This analysis is focused on the...

A “Doença de Baumol” refere que o baixo crescimento da produtividade no sector da saúde e a uniformidade dos salários da economia como um todo, fazem com que os custos neste sector, dito “estagnado”, sejam inevitavelmente crescentes o longo do tempo. Este facto coloca uma pressão...

We study the extent to which equilibrium payo®s of discounted repeated games can be obtained by 1 { memory strategies. First, we present robust examples of games in which there is a subgame perfect equilibrium payo® pro¯le that cannot be obtained by any 1 { memory subgame perfect equilibrium....

We establish the existence of sequential equilibria in general menu games, known to be su±cient to analyze common agency problems. In particular, we show that our result solves some unpleasant features of early approaches.

Management researchers and practitioners have developed a marked interest for the notion of “good companies to work for”, “exemplary workplaces”, “meaningful work”, “virtuous organization”, “truly healthy organizations” or “authentizotic organizations”. We complement the...