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The limits to moral erosion in markets : social norms and the replacement excuse

Bartling, Björn; Özdemir, Yagiz - In: Games and economic behavior 138 (2023), pp. 143-160

Persistent link: https://www.econbiz.de/10014278103

Graphical exchange mechanisms

Dubey, Pradeep; Sahi, Siddhartha; Shubik, Martin - In: Games and economic behavior 108 (2018), pp. 452-465

Persistent link: https://www.econbiz.de/10011982849

The effect of horizontal mergers, when firms compete in prices and investments

Motta, Massimo; Tarantino, Emanuele - 2017

It has been suggested that mergers, by increasing concentration, raise incentives to invest and hence are pro-competitive. To study the effects of mergers, we rewrite a game with simultaneous price and cost-reducing investment choices as one where firms only choose prices, and make use of...

Persistent link: https://www.econbiz.de/10011798644

Financial distress as an agency problem : evidence on non-monotonic and substitute discipline effects of leverage and competition

Uğur, Mehmet; Solomon, Edna Maeyen; Zeynalov, Ayaz - 2021

leverage and product-market competition as predictors of financial distress hazard; and lack of attention to frailty as a … a managerial effort problem, mitigated by leverage and product-market competition as substitute disciplining devices … effect of leverage on financial distress hazard is inverted-U-shaped; (ii) the effect of the competition is U-shaped; and …

Persistent link: https://www.econbiz.de/10014533532