Why do government agencies sole-source sometimes and use competitive procedures for procurement other times?
The purpose of this paper is to analyze the impact of liberal bilateral agreements on some European air routes in terms of price competition and market structure.
For several decades, the conventional wisdom has been that expected firm growth rates are independent of firm size, a property known as Gibrat's Law.
This paper attributes the slow diffusion of innovations to an informational externality in the adoption process.
The model identifies the quality of a network product with the number of consumers using it. Hence the producer cannot unilaterally control the quality of his product.
This paper analyses a simple oligopoly model with information spillovers. Firms spend on R&D to affect their costs of production.
