This paper analyzes if vertical foreclosure can emerge as an equilibrium outcome of an infinitely repeated game …. Foreclosure is profitable due to a 'raising rival's costs' effect but it is not a Nash equilibrium of the static game. The results … are that foreclosure is in fact a subgame perfect Nash equilibrium of the repeated game, and it may facilitate collusion …

Pumping wealth from developed nations. A Notional Balance sheet of USA, balances only with a Loss to the Assets(Debit). This … off-setting entry is a miscellaneous loss expense entry,in the Profit making US Income Statement. As a Prime Developed …

economies, this paper explores a number of regulatory reforms that would alter the balance between seeking to avoid insolvency … and lowering the costs of insolvency should it occur. In particular it considers whether a lex specialis for dealing with …

This paper examines the determinants of the rate of forced insolvency in New Zealand. The study incorporates two key … variety of economic experiences over the sample period (1988–2003). Second, we explain the total rate of forced insolvency in …