This paper surveys the existing theoretical and empirical research on long term contracts
inspired by the American experience. We analyze the role of take-or-pay clauses and price …

Recent models of firm investment decisions stressing informational imperfections in capital
markets provide a foundation for interpreting evidence that movements in internal finance …

The Internet of Things (IoT) has connected an incredible diversity of devices in novel ways,
which has enabled exciting new services and opportunities. Unfortunately, IoT systems also …

Data for metals sold on commodity exchanges and at prices set by producers are used to
test the relationship between the organization of markets and the behavior of prices. On the …

How rigid are producer prices? A longstanding conventional wisdom among economists
holds that producer prices are more rigid than, and so play less of an allocative role than do …

HE transactions-cost approach to industrial organization'departs sharply from neoclassical
tradition in its shift of emphasis from the market to the individual transaction. Behavior such …

Among the many business processes in the modem firm or adopted by the contemporary
public agency, the sourcing process is probably the most affected by changes brought about …

We evaluate the implications of concurrent utilization of “contracts” and “open market”
arrangements by a risk averse buyer in continuous procuring of a standardized product of …

Gas sector liberalization is based on opening networks to different players, so they become
common pool resources. Different players using the same resources can give rise to …

We study the problem of optimally integrating contractual and spot market procurement
sources for a risk-averse buying firm that purchases a commodity product at a specified rate …