We study the cost of breaching an implicit contract in a goods market. Young and Levy (2014) document an implicit contract between the Coca-Cola Company and its consumers. This implicit contract included a promise of constant quality. We offer two types of evidence of the costs of breach. First,...

We study the cost of breaching an implicit contract in a goods market. Young and Levy (2014) document an implicit contract between the Coca-Cola Company and its consumers. This implicit contract included a promise of constant quality. We offer two types of evidence of the costs of breach. First,...

While Italy's catch-up in the course of the 20th century has been nothing short of extraordinary, it has failed to produce a large number of global business players. Nonetheless, half a century ago an Italian company concluded what was at the time the largest-ever foreign takeover of a US...

We study the cost of breaching an implicit contract in a goods market. Young and Levy (2014) document an implicit contract between the Coca-Cola Company and its consumers. This implicit contract included a promise of constant quality. We offer two types of evidence of the costs of breach. First,...

This is a conceptual extension of the Alignment part of TQM model, called Thareja’s AUM model. A detailed treatment of this model may be reviewed in other works by the author (Thareja, 2007, Thareja et al, 2011 etc), especially exploring the implementation of ‘A’ in chasing of...

This Working Paper presents a novel dataset documenting the demographics of the world’s 500 largest companies by market capitalization, as of 30 September 2007. Assigning a birth date to a large company is not a straightforward exercise and involves a measure of judgment, which possibly...

While Italy's catch-up in the course of the 20th century has been nothing short of extraordinary, it has failed to produce a large number of global business players. Nonetheless, half a century ago an Italian company concluded what was at the time the largest-ever foreign takeover of a US...

In an asymmetric war of attrition the players` prize valuations are drawn from different distributions. A stochastic strength ordering, based upon relative hazard rates, is used to rank these distributions. The stochastically stronger player is perceived to be strong ex ante, even though her...

La Chisso Corporation tiene su planta más famosa en Minamata, una ciudad costera de la prefectura de Kumamoto, en la isla de Kyushu, Japón sudoccidental. Chisso y enfermedad de Minamata son nombres indisolublemente unidos, ya que esta empresa fue responsable de la irrupción de la enfermedad,...

We thank three anonymous referees for thoughtful comments and suggestions which we found very constructive and helpful. We are particularly grateful to the editor, Al Klevorick, for his advice and painstaking guidance through the multiple revision process. We thank Robert Barsky, Susanto Basu,...