Costa, Magali Pedro; Pires, Cesaltina - Centro de Estudos e Formação Avançada em Gestão e … - 2014
The aim of this paper is to analyze the equilibrium default risk in a two-stage duopoly model, where firms decide their financial structure in the first stage of the game and take their output market decisions in the second stage of the game. Using the framework of Brander and Lewis (1986) we...