Competition and contracting in service industries

In service industries with congestion effects, two very different contractual structures are commonly observed, depending on whether or not firms choose to offer a guaranteed service level. We analyze the impact of these choices on market outcomes in oligopolistic industries. Our results highlight how different contractual agreements change the intensity of price competition in service industries. Broadly speaking, we show that competition is intensified when firms choose to offer service level guarantees.     

The orthosomycin family of antibiotics—iii : Mass spectral studies of flambamycin and its degradation products

Mass spectral evidence for the constitution (54) of the antibiotic, flambamycin, is summarised in Schemes 1–10. An analysis of all the evidence given in Parts I, II and III for the location of the two ortho-ester groups flambamycin and its derivatives is presented.