Claims that profit-sharing is a purely distributive "wealth confiscation scheme" without incentive effects (due to free-rider problems) are based on neglect of cooperation and interaction in the workf
We develop a methodology to estimate the transaction costs required to arbitrage among a set of products and the probability of observing binding arbitrage.
Increased market concentration of firms is found to be directly related to pollution control effort, after controlling for firm size, profitability, and pollution potential.
Four major manufacturing industries are examined.
This paper asks two questions about spatial competition. First, does spatial price discrimination lead to lower prices and higher welfare than mill pricing?
The paper shows that in addition to the theoretical relevance of choosing between the Hirschman-Herfindahl index and the concentration ratio, both measures may provide empirically very different infor
The primary focus of this paper is the modelling and estimation of the structure of production, technical change and total factor productivity (TFP) growth in a port.