Ronald Coase, the author of “The Nature of the Firm” (1937), turns 100 on December 29th FOR philosophers the great existential question is: “Why is there something rather than nothing?” For management theorists the more mundane equivalent is: “Why do firms exist? Why isn't everything ...
Why do informal markets resist formalizing, even when the gains of doing so outweigh its costs in the long run? While a number of responses to this questio
The Information Content of Stock Markets: Why Do Emerging Markets Have Synchronous Stock Price Movements? Stock prices in emerging economies move in step much more than in advanced economies. Emerging markets' prices capitalize less firm specific information, a... R Morck,B Yeung,W Yu - 《...
The Information Content of Stock Markets: Why Do Emerging Markets Have Synchronous Stock Price Movements? Stock prices in emerging economies move in step much more than in advanced economies. Emerging markets' prices capitalize less firm specific information, a... R Morck,B Yeung,W Yu - 《...
Why do many firms strive to maintain stable prices? Explain why a price-fixing cartel is difficult to maintain. Why should I love free markets? Why is it that market economists are not able to protect the environment efficiently? Why do governments allow some monopolies to exist?
Even though export subsidies have been strictly forbidden under WTO/GATT rules, such subsidies have been widespread in markets for agriculture products, and still exist in many less transparent guise (e.g. subsidized export financing), which we will analyze. Our paper is closely related to the ...
Furthermore, increasingly sophisticated pricing algorithms and tailoring of offerings to create markets of one could counter some of the improved market efficiency from online price transparency and comparison and review offerings. We did not find that rising concentration slowed productivity growth in our...
Why Do Firms Bundle and Tie? Evidence from Competitive Markets and Implications for Tying Law 来自 SSRN 喜欢 0 阅读量: 72 作者:MA Salinger,DS Evans 摘要: Tying the sale of products that could be sold separately is common in competitive markets-from left and right shoes, to the sports and...
The total market capitalization of the U.S. stock market, as of January 1st, 2025.1 What Market Value Tells You Market value can fluctuatea great deal over periods of time and is substantially influenced by the business cycle. Market values plunge during the bear markets that accompany recession...
They create uncertainty in global markets that can cause asset markets to fall or spurrecessions. Countries might be tempted to enter a tit-for-tat currency war, devaluing their own currency back and forth in a race to the bottom. This can be a very dangerous and vicious cycle, leading to...