AbstractThe following sections are included:IntroductionThe EventMethodologyGuarantees and Risk-TakingThe Net Effect of Guarantees—The Role of Charter ValuesNormal Times versus Crisis TimesDiscussion and ConclusionReferencesAppendix 1. Listed Banks Implicated by the DBRS Introduction of the SA...

This paper incorporates inventory dynamics into a standard conjectural variations analysis of market power. Using a model which incorporates closed-loop equilibrium strategies, we show that measures of market power that ignore inventory dynamics are biased. We then apply the model to the...

ECHEVERRI-CARROLL E., H UNNICUTT L., and HANSEN N. (1998) Do asymmetric networks help or hinder small firms' ability to export?, Reg. Studies 32, 721-733. Studies of industrial districts in Europe and the US and of networked firms in Japan recognize the positive correlation between symmetric...

Nonbinding recommendations, such as provided by fact-finders, are shown to significantly increase voluntary settlements in bargaining. Theoretically, it is unclear whether recommendations will increase settlement rates. A recommendation may reduce outcome uncertainty, thereby "chilling"...

This paper incorporates inventory dynamics into a standard conjectural variations analysis of market power. Using a model which incorporates closed-loop equilibrium strategies, we show that measures of market power that ignore inventory dynamics are biased. We then apply the model to the...