equilibria of merger games with simultaneous and sequential moves. The application of our framework to specific oligopoly models … the respective mono-tonicity properties. If the profit differential between post-merger and pre-merger profits satisfies … illustrates that the introduction of two-sided asymmetric information may lead to considerable changes in the predicted merger …

application is to compare takeover incentives in a differentiated Cournot and Bertrand oligopoly model with linear demand and … differentiation. An increase in concentration is more likely under Cournot competition if products are complements and more likely … under Bertrand competition if products are substitutes. Moreover, as products become closer substitutes, a takeover becomes …

complete contracts. We define the firm as being composed of its assets. We present a theory of costly contracts which …

out to result from reducing individual inefficiencies. The majority of the 84 merger cases is characterized by merger …

. We build a model of imperfect competition in which firms use barter for price discrimination. The model predicts a … disappears at a certain level of competition. The model has multiple stable equilibria which may explain persistence of barter …

market gives firms a better base for oligopolistic competition internationally. …

We develop a product market theory that explains why firms invest in general training of their workers. We consider a … employees and finally engage in imperfect product market competition. Equilibria with and without training, and multiple … equilibria can emerge. If competition is sufficiently soft and trained workers are substitutes, firms may invest in non …

market performance under monopoly versus oligopoly. If consumers have to choose once where to shop we show that under all … forms of organizing the local market, increased competition from the global market will crowd out variety in the local one …. The effect of increased global competition on prices is much less clear. While it yields a price reduction under monopoly …