Mutual forbearance in experimental conglomerate markets

Article Abstract:

A study was done to assess the result of economic experiments on the level of economic cooperation between competing conglomerate corporations. An initial series of control experiments were made to determine cooperation between firms when one is a market duopolist. A second set of experiments creates a conglomerate situation. Results of time-series analysis support earlier models of game theory.

Analysis, Conglomerate corporations, Industrial cooperation

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On flexibility

Article Abstract:

Research on flexibility in farming is examined in detail. Two types of flexibility, operational and tactical flexibility, are analyzed, and the relationship between the two is noted.

Crop Production, Economics, Research and Development in the Social Sciences and Humanities, Farms, Flexible manufacturing systems

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Production-to-order or production-to-stock: the endogenous choice of institution in experimental auction markets

Article Abstract:

A new study investigates the behavior of buyer and seller in production-to-order and production-to-stock markets where choice in participating is endogenous.

Purchasing, Production control

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