We investigate the relationship between a company’s dividend strategy and its risk of takeover.
This paper analyses the effect of multimarket contact on firms’ behaviour.
Although economists usually support the unrestricted entry of firms into an industry, entry may lower social welfare if there are setup costs or if entrants have a cost disadvantage.
We present a model of R&D with endogenous spillovers and demonstrate that noncooperation can produce maximal spillovers. The only other noncooperative outcome is minimal spillovers.
In this paper a theoretical model of the impact of product and process innovations on output, capacity utilization, employment and prices is developed.
A new generation of durable goods makes an old generation economically, even if not physically, obsolete.
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