The denomination of the relations of cooperation between companies as Strategic Alliances is the result of more than 20 years of research on this subject. However in XXI century appear new forms in response and adaptation to a turbulent environment. Therefore, the paper presented deals with the...

This article analyzes the characteristics and incentive effects of contractual practices in professional boxing. A boxer's "purse" is linked to post rather than contemporaneous performance, thereby creating an incentives problem. Although consumption-smoothing considerations alleviate this...

This paper investigates why all-inclusive travel packages are offered at some hotels but not at others. By using the theory of transaction cost, it is argued that all-inclusive contracts mitigate a hold-up problem and that the severity of this problem varies with regards to the hotel’s...

Historically, European team sports leagues were run by their respective national and international associations and were legally independent from the professional clubs playing in these leagues. Recently, European leagues have adopted an organizational form similar to their North American...

Recent theoretical research has identified many ways how contracts can be used as rent-seeking devices vis-à-vis third parties, but there is no empirical evidence on this issue so far. To test some basic qualitative properties of this literature, we develop a theoretical and empirical framework...

En este artículo se analiza el presente y futuro de la intermediación en el sector turístico, prestando especial atención en los tour operadores. El análisis se lleva a cabo después de años en los que ha habido toda una serie de importantes cambios en el sector, entre ellos el...

Rugby union only went professional in 1995, much later than other major team sports resulting in major changes in league structures. Different arrangements regarding revenue sharing and salary caps between the three main European rugby leagues provides an opportunity to test the impact of such...

Recent theoretical research has identified many ways how contracts can be used as rent-seeking devices vis-à-vis third parties, but there is no empirical evidence on this issue so far. To test some basic qualitative properties of this literature, we develop a theoretical and empirical framework...

Today’s technologies offer many opportunities for communication and for developing the social, political and economic environments. Social media is one of the channels highly used for personal and business communication in our informational society. However, the various facets of the social...