Either quality sorting or the presence of a specific cost (the so-called Alchian-Allen effect) is considered to be the main mechanism for the positive relationship between product quality and the ...

My research interests include International Economics, Development Economics, and Industrial Organization. Lugovskyy, V., & Skiba, A. (2016). Positive and negative ...

Coase: characterized as the absence of the price mechanism. Firm exists when it is less costly to direct economic activity by authority. Alchian and Demsetz: classical firm arises because of a problem ...

A strong field has accepted for Saturday's $50,000 Murtoa Cup, with Country Cup mainstays Station One and Picaroon among them. The 2050-metre contest has garnered a very competitive line-up this year ...