In this paper we examine pricing imperfections in software companies by analyzing the case of Microsoft, and we uncover the presence of pervasive dead-weight losses derived from the inability of the producer to achieve first degree price discrimination. Because the nature of software is such...

The main objective of the financial appraisal of an innovation project is to measure the rentability of those projects. The financial appraisal of an innovation project is similary to investment projects at short level. But on the other side, it has certain features due to its main...

Market inefficiency has influence on resource allocation, as price signals tend systematically understate or overstate the effects of information transmitted to the trading parties in the market. In this paper a number of statistical tests employed to assess the weak-form efficiency of Khartoum...