Blar i BI Open på emneord "efficiency"
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A never ending story: interaction patterns and economic development
(Journal article; Peer reviewed, 2013)Industrial marketing and purchasing is an interesting phenomenon. On the surface it appears as very mundane, a simple day-to-day activity performed by purchasers, sales personnel, and technical specialists; i.e. most often ... -
Competition with local network externalities
(CREAM Publications;10/2010, Working paper, 2010)Local network externalities are present when the utility of buying from a firm not only depends on the number of other customers (global network externalities), but also on their identity and / or characteristics. We ... -
Efficient Exclusion
(CREAM Publications; 9/2010, Working paper, 2010)In their influential paper, Aghion and Bolton (1987) argue that a buyer and a seller may agree on high liquidation damages in order to extract rents from future suppliers. As this may distort future trade, it may be socially ...