We develop a model of voluntary gradual franchise extension and growth based on the idea that voting is an information aggregation mechanism. A larger number of voters mean that more correct decisions are made hence increasing output, but also imply that any incremental output must be shared among more individuals. These conflicting incentives lead to a dynamic model of franchise extensions tha...

the role of franchising for business growth, job creation, and economic development has been widely recognized around the world. to our knowledge, however, no research has been conducted to investigate franchise practices in iran. the purpose of this study was to investigate franchisor franchisee relationship and franchisees’ buying behavior using structural equation modeling, in tehran provinc...

A number of factors have made franchising a successful business model: new store expansion can be accelerated because much of the investment capital and many of the management decisions come from local franchise owners, distribution of fixed costs across many outlets provides economies of scale in purchasing and advertising which only large networks can provide, and the financial risks and rewa...

The paper develops a quality adjusted professional sports franchise price index for North America based on a repeat sale method. This index reflects trends in the general price of sports franchises holding local market, facility, and team characteristics constant. The price index exhibits considerable volatility but no upward trend over time, unlike previous quality adjusted price indexes based...

Implementation of pharmacists services provided in all pharmacies must meet the standard pharmaceutical guidelines, including provision drug information. The study aims to compare patient's perception counseling by pharmacy staff based on type ownership (franchise/non-franchise) Semarang. This research is an observational with a cross-sectional design. Samples were taken 286 respondents quota s...

Jarrell (J Law Econ 21:269–295, 1978) found that electricity prices fell more slowly in states that adopted state regulation before 1917, suggesting that regulators were “captured” by the interests of the regulated electric utilities. An alternative explanation is that state regulation more credibly protected specialized utility assets from regulatory opportunism than did the municipal franchis...

This paper corrects Proposition 1 in Acemoglu and Robinson (2000). It shows that in addition to parts of the parameter space where the unique MPE is franchise extension and temporary redistribution, there is an intermediate part of the parameter space where the unique MPE is in mixed strategies. In this region, there is a positive probability of franchise extension, but also a revolution takes ...

Peraturan perundang-undangan tentang Waralaba (franchise) mengamanatkan bahwa Franchisor diwajibkan memberi pembinaan kepada franchisee berwujud pelatihan; bimbingan operasional manajemen; pemasaran; penelitian; serta pengembangan secara berkelanjutan dan tapi kewajiban ini tidak selalu dituangkan dalam kontrak franchise. Penelitian bertujuan untuk menganalisis akibat hukum (konsekuensi yuridis...