Mutually related firms and the rationality of producing nothing

Article Abstract:

A study was conducted to analyze pricing and output decisions of mutually related firms. The study assumes that such firms have complimentary products and considers intra-industry rivalry among them. Results show that firms have the rational choice not to cooperate by producing nothing. This market failure may require state intervention to make firms cooperate and enhance market operational efficiency.

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Do firm and state antitakeover provisions affect how well CEOs earn their pay?

Article Abstract:

Research is presented concerning the relationship which exists between state antitakeover laws, antitakeover amendments which are firm-specific and the pay-adjusted firm performance of Chief Executive Officers.

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Internal markets and the theory of the firm

Article Abstract:

Research is presented concerning the establishment of internal markets by business enterprises as a replacement for internal resource allocation. An analysis of a firm viewed as a membership club is discussed.

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