We explore experimentally whether the free-rider problem occurs in corporate takeovers. While Grossman and Hart's (1980) classical proposition states that due to the free-rider problem takeovers never succeed, we observe a considerable number of successful takeovers in real capital markets. To...

We explore experimentally whether the free-rider problem occurs in corporate takeovers. While Grossman and Hart's (1980) classical proposition states that due to the free-rider problem takeovers never succeed, we observe a considerable number of successful takeovers in real capital markets. To...

We develop a partial equilibrium model of foreign direct investment (FDI) in which identical foreign firms locate themselves in a host country to compete in a segmented oligopolistic market for a homogeneous commodity.

We develop a partial equilibrium model in which identical foreign firms locate in a host country and export their produce to another country (the consuming country). These firms compete with domestic firms in the consuming country under oligopoly. The two sets of firms differ in cost structures....

We develop a partial equilibrium model in which identical foreign firms locate in a host country and export their produce to another country (the consuming country). These firms compete with domestic firms in the consuming country under oligopoly. The two sets of firms differ in cost structures....

We develop a partial equilibrium model of foreign direct investment (FDI) in which identical foreign firms locate themselves in a host country to compete in a segmented oligopolistic market for a homogeneous commodity.