This paper introduces a market size dependent firm entry cost into the Helpman, Melitz and Yeaple (2004) (HMY) version of the Melitz (2003) model. This is a relatively small generalisation, which preserves the analytical solvability of the model. Nevertheless, our model yields several new...

The limited-line discount store as grocery retailing format succeeded in continuously increasing its market share in Europe as well as in other parts of the world. The business model of hard discounting applied by the German retailers Aldi and Lidl proved to be particularly successful. By...

We use the unique recently released German business services statistics panel to conduct the first comprehensive empirical study on the relationship between exports and profitability for the business services sector. We document a negative profitability differential of services exporters...

We provide an analysis of corporate governance networks implied by members of board of directors of 319 companies listed in Istanbul Stock Exchange (ISE) for the year 2007. Our configuration yields a bipartite network for which we provide small world statistics in addition to the usual measures...

I show that when oligopolistic firms manufacture semidurable goods, second-hand\par markets can play a key role in supporting collusive behavior. This in spite of the fact\par that a monopolist manufacturer has an incentive to eliminate second-hand markets \endash\par a point made by a number of...

We estimate a dynamic profit-maximization model of a fish wholesaler who can observe consumer characteristics, set individual prices, and thus engage in third-degree price discrimination. Simulated prices and quantities from the model exhibit the key features observed in a set of high quality...

This paper sets out to verify whether the Italian export firms have increased their productivity more than the non-exporting ones. The analysis focuses on the manufacturing sector. According to the available literature, there is an increase in productivity, but it takes place before firms enter...

In this article, using dynamic panel estimators, we test empirically the relationship between the growth of Portuguese companies and their profitability. The empirical evidence obtained indicates that growth in Portuguese companies means increased profitability. Growth in Portuguese companies is...

The objective of the paper is to model the degree of organic farming adoption as well as the importance of technical information acquisition in the adoption decision process. In doing so, a trivariate ordered probit model is specified and implemented in the case of organic farming adoption in...

This paper develops multiobjective models of hospital decision making that incorporate the internal decision process in both a for-profit and a nonprofit hospital. Predicted output and quality for a nonprofit hospital differ from those for a for-profit hospital under some conditions but converge...