The aerospace industry faces fierce and rapidly changing competition worldwide which exercises a considerable amount of strain on its manufacturing subcontractors. In this context, it becomes essential to gain a better understanding of what constitutes the most critical capabilities of the...

International capital flows have increased dramatically since the 1980s, with much of the increase being due to trade in equity and debt markets. Such developments are often attributed to the increased integration of world financial markets. We present a model that allows us to examine how...

TNCs are not new actors of the stage of international economical picture. Even since XVIIIth and XIXth centuries, the private firms have been constituting the link between the producers and the consumers from different countries of the world. They have become a main actor in the international...

We study coordination failures in many simultaneously occurring coordination problems called projects. Players encounter one of these projects, but have an outside option to search for another of the projects. Drawing on the global games approach, we show that such a mobile game has a unique...

One of the best established empirical results in international economics is that bilateral trade decreases with distance. Although well-known, these results have not been systematically analyzed before. We examine 1052 distance effects estimated in 78 papers. Information collected on each...