By sharing production resources, integrated firms have higher returns on investment for intangible knowledge-based assets in comparison to stand-alone firms (Markusen 1995). Building on a single-leader-multi-follower game, this paper considers business groups, where a parent firm (the leader)...

This paper presents an inferential approach for the influential-imitator dynamics, a broadly accepted extension of the traditional Bass model, for cases in which the population has two segments: influentials (who influence each other) and imitators (whose choices are affected by the ones of...