This paper analyzes the production of fundamental research as a coordination game played by scholars. In the model, scholars decide to adopt a new idea only if they believe that a critical mass of peers is following a similar research strategy. If researchers observe only a noisy idiosyncratic...

Given the myriad of journal titles in economics and business administration, scholars can sometimes target the wrong journal. This paper provides a dynamic analysis of the market for academic publications that brings into the picture this type of informational friction. The key modelling device...

Subject to a huge and growing number of journal titles in business and economics, scholars sometimes target the wrong journal. Editors resort more and more to paper pre-screening, and desk reject those that do not fit well to the editorial line. This paper provides a dynamic analysis of the...

In this paper, we argue that firms' firing strategies and the judicial strategy of dismissed employees depend to a large extent on labor judges' ability to shed light on the various cases. The model is cast as a sequential game with imperfect information featuring firms, employees and labor...

Pour de nombreux pays d’Europe centrale et orientale la monnaie europeenne n’est pas seulement une nouvelle devise de reference. A plus ou moins longue echeance, elle represente leur future monnaie. Les pays les plus avances sur la voie des reformes – l’Estonie, la Hongrie, la Pologne,...

Criticism is mounting on business schools for their excessive focus on research and the relative neglect of teaching quality. This paper shows that if students have imperfect information about teaching quality and if business schools differ in their research productivity, the least productive...

If a dollar denominated external debt comes with so many risks, why do emerging economies allow for such an imbalance to accumulate ? The explanation provided in this paper builds on a simple signaling model. By assumption, lenders have no direct possibility to infer a firm’s financial stance....