This paper examines public good problems connected with takeovers. Two broad categories of exclusion device--oppression of minority interests and compulsory acquisition of shares--are evaluated.
We present a method for measuring the welfare cost of legislated restrictions on the activities of professionals in markets where consumers can substitute between brands of different quality.
This paper assesses the empirical usefulness of some recent developments in the theory of spatial and product competition, drawing on the history of product competition in microprocessors over the per
Previous studies generally explain changes in concentration by its initial determinants or by changes in its determinants. Little attention is paid to the dynamic structure of the model.
Where the cost and uncertainty of R & D are high and conditions favor speedy imitation by competitors, concentration has a statistically significant and substantial positive impact on research int
With many regulations and limitations on U.S. cable television being lifted, new opportunities for consumers and cable suppliers are available.
The extent of a manager's shareholdings in his employing firm is modelled as part (along with the extent of reliance on incentive contracting) of an "optimal contract" between the manager and other sh
This paper examines how the estimated coefficients in firm-level tests of the market structure--R & D hypothesis can be used to determine the effect of market restructuring on expected industry R