In this paper I apply the work of Abrams and Iossifov (2006) to monetary policy in Canada to see if same political party affiliation is needed to produce evidence of political opportunism. After modifying their analysis to maintain consistency in the time series dimensions of their variables for Canada, I find both an error correction model and a Taylor rule reformulation of their test generate...

The generalized models for higher-order logics introduced by Leon Henkin, and their multiple offspring over the years, have become a standard tool in many areas of logic. Even so, discussion has persisted about their technical status, and perhaps even their conceptual legitimacy. This paper gives a systematic view of generalized model techniques, discusses what they mean in mathematical and phi...

Recent economic analysis of outsourcing has focused on its international dimension. In contrast, this paper considers local outsourcing. The paper specifies and solves a model where the organization of production (vertically integrated or not) and the location of production (agglomerated or not) are jointly determined. The paper shows that agglomeration reduces opportunism, a thick market effec...

Managers conduct open market repurchases ("OMRs") for many different reasons, including to distribute excess cash. However, the most widely discussed explanation for OMRs is the "signaling theory": that managers announce OMRs to signal that the stock is underpriced. The first purpose of this paper is to show that the signaling theory is theoretically problematic—in part because it assumes manag...

A monopolist producer, o¤ering private contracts to competing retailers, may be unable to exercise its monopoly power because of the scope for opportunistic behavior. In this paper we show that the producer eliminates this problem using bilateral contracts with buybacks, together with a price ceiling if needed (buybacks are a price paid by the producer to the retailer for each unit of unsold st...

Few alliance studies have theorized that opportunisms effect on performance efficiency is contingent other factors. Our study posits partner size and no end-point serve as interface structure mechanisms condition the outcomes of partner-based opportunism in alliances. We argue direct opportunism, moderation effects end-point, differ according to activities context (i.e., upstream vs. downstream...