The nature of competition is quite different in network industries as compared to the other, more traditional, ones. The purpose of the present paper is to thoroughly examine the implications of these differences as reflected in the dependence of equilibrium outputs, price and profits on industry concentration. We restrict the analysis to oligopolistic competition amongst firms in a market char...

If a hospital is to use profit centers successfully, it should resolve several philosophical, organizational, and accounting matters, including: How much decisionmaking latitude clinical care chiefs should have. Whether to take a cross-subsidization approach. What role clinical care departments should take in a service line strategy.

About 25% of the world's fisheries are depleted such that their current biomass is lower than the level that would maximize the sustained yield (MSY). By using methods not previously applied in the fisheries conservation context, we show in four disparate fisheries (including the long-lived and slow-growing orange roughy) that the dynamic maximum economic yield (MEY), the biomass that produces ...

This paper examines how a project owner optimally selects a project operator and motivates him to deliver an unobservable effort when potential operators are wealthconstrained. It shows that either a pooling or a separating contract can arise in equilibrium. In a separating contract, the more capable potential operator is either selected more often but awarded a smaller share of profit, or sele...

When collusive agreements are illegal, oligopolies must rely on the threat of future price wars to sustain collusion. If firms’ objective is to maximize the present value of profits, the shadow of that threat changes with the interest rate. That is, the interest rate determines how much firms discount the future, and this affects the level of collusion that can be supported. In an environment o...

This chapter examines the spread of Information and Communication Technologies (ICTs) in South Australia. It starts by assessing South Australia’s leading role in the adoption of democratic reforms in the nineteenth century. It then suggests that there is not the same enthusiasm for the more contemporary reforms found in the implementation of e-democracy. The chapter draws from an appraisal of ...

We examines the legal penalties imposed on Dutch listed firms targeted by competition authorities from 1998-2008. By using event study techniques we estimate the impact of the main events in an antitrust investigation on a firm’s stock market value and analyse the causes of the value impacts. The first announcement of an antitrust investigation has a statistically significant effect on the firm...

Article history: Received 3 March 2009 Received in revised form 14 July 2009 Accepted 3 September 2009 Available online 14 October 2009 Tariffs and anti-dumping duties are two important tools used to protect industries from foreign competition and to generate revenue. While the two tools have been studied extensively in separate contexts, little is known about their comparative effects. This pa...

We study the impact of special interest politics on competition for a multinational between two countries. We show that whether a country will win this competition is determined by both economic factors, which include for which country foreign direct investment will bring more national welfare, and in which country the multinational will make more profits; and to what extent each country’s gove...

Information security education and training needs to be valued and assessed from various perspectives. This study presents two differing viewpoints from which such an evaluation can be perceived – those of the individual and the organisation. Some sorts of profits are sought after by each of the two, although this is expressed and hence valued differently depending on the perspective taken. We ...