Issue 1

March 1993

Reputation as a Mechanism Alleviating Opportunistic Host Government Behavior Against MNEs

The strategic options available to MNEs and host governments, when the first contemplate investment in the latter's country, are marked by the possibility that no entry eventually will take place as a

Differentiated Products with R&D

This paper looks to the literature on one-dimensional, location, models and adds to it a simple process of R&D.

Profit Margins and the Business Cycle: Evidence from UK Manufacturing Firms

This paper presents some empirical models of profitability, using panel data covering 709 large UK companies over the 1970s and 1980s focusing specifically on the role of aggregate demand shocks in sh

Demand Fluctuations and Firm Heterogeneity

This paper reports evidence supporting the hypothesis that production flexibility is one of the forces that explain differences in the distribution of firm sizes across industries.

The Provision of Information in a Bertrand Oligopoly

A 2-stage model of a homogeneous good oligopoly is constructed which is composed of a first stage determining (costless) information provision to consumers and then a second stage of price setting.

Flexible Manufacturing, Uncertain Consumer Tastes, and Strategic Entry Deterrence

This paper investigates the strategic use of "flexible manufacturing" technology, as an entry-deterring mechanism.

The Managerial, Regulatory, and Financial Determinants of Bank Merger Premiums

This paper analyzes the managerial, regulatory, and financial determinants of US bank merger premiums. We use both individual acquirer and target bank characteristics.

Note on Risk Aversion and Sharing of Firm-Specific Information in Duopolie

This note extends earlier work on the effects of risk aversion on the preferences of duopolists to share information.