governance mechanism by disciplining managers' investment decisions. In the two years following an M&A lawsuit (a lawsuit where … peer firms respond to the increased litigation risk by reducing abnormally high investment expenditures. Finally, the … industry-wide deterrence effect on firms' suboptimal investment behavior …

behavioural economics, compared with that of classical rational choice theory, to account for successful interventions. After …

theory and welfare economics, which are restricted to the certainty case, with Harsanyi's pathbreaking attempt at extending …