This Paper Addresses the Difficulties of Cooperation in Asymmetric Dilemmas, Interactions Where Two Or More Parties Have Mixed Motives and Receive Different Known Outcomes If They Mutually Cooperate Or Mutually Noncooperate. Thus We Address Dilemmas That Are More General Than the More Often...

In This Paper, We Show That, in Debt Contract Relationships, the Choice of a Lender May Become a Determinant of the Extent of Competition in Downstream Industries. in the Presence of Imperfect Output Markets and Asymmetric Information in Financial Markets Members of an Industry May Achieve a...

We Present a Model of an Entry Game in Which Both Financial and Output Markets Are Characterized by the Presence of Asymmetric Information. We Argue That a Firm's Financial Policy May Serve As a Common Signal in Both Markets. a Monopoly Is Threatened by Entry. the Profitability of Entry to the...

This Paper Provides a Formal Representation of Telser (1966)'S Deep Pocket Argument. According to Telser, Predation May Take Place Because Typical Entrants Are More Vulnerable Financially Than Are Typical Incubents. We Propose That Entrants' Financial Vulnerability May Be Explained by...

This paper studies the transition between exchange rate regimes using a Markov chain model with time-varying transition probabilities. The probabilities are parameterized as nonlinear functions of variables suggested by the currency crisis and optimal currency area literature. Results using...