We construct and analyze a model of delegated portfolio management in which money managers signal their investment skills via their choice of transparency for their fund. We show that a natural equilibrium is one in which highand low-skill managers pool in opaque funds, while medium-skill managers separate in transparent funds. In this equilibrium, high-skill managers rely on their eventual per...

enhanced social dimension. The authors have also evaluated perspectives of greater affirmation for social economy in Croatia. The energy goals of the Lisbon Strategy are analyzed by Ana-Maria Boromisa, whose targets of achieving competitiveness, sustainability and security of energy supply are inherited by Europe 2020 as well. Nevertheless, these achievements are hindered by the often conflictu...

While most researchers in industrial organization agree that the neoclassical, cost-minimizing, unitary, view of the firm is restrictive, it is still the main object of anlysis in the literature. We review the literature in industrial organization and the place occupied by a richer view of the firm both before and after Grossman & Hart (1986) (GH). Before GH, integration was viewed as a way to ...

Recent years have witnessed a surge of interest in the formation of coalitions and networks in Industrial Organization. Most of this interest stems from the emergence of new forms of cooperation and competition between ...rms. The development of strategic alliances, the acceleration in the creation of joint ventures and joint production and research facilities have given rise to a new strategic...

Economics) Essays in Industrial Organization and Econometrics

Industrial symbiosis (IS) has been used to describe the physical exchange and shared management of input and output materials by geographically proximate firms. Firms that engage in IS are said to belong to an industrial ecosystem. Symbiosis has been found to be motivated by economic considerations, such as lowering costs for waste disposal, as well as by environmental ones, such as accessing l...

This paper overviews three primary branches of the industrial organization literature with behavioral consumers. The literature is organized according to whether consumers: (1) have non-standard preferences; (2) are overconfident or otherwise biased such that they systematically misweight different dimensions of price and other product attributes; or (3) fail to choose the best price due to sub...