We consider an oligopolistic industry including leveraged firms and unleveraged ones where firms are engaged in a sequential decision-making process. At the first stage of the game, a firm and her bank, considering the demand uncertainty and the distribution probability of the shock, evaluate a...

A two-country, two-period model of international migration highlights microeconomic foundations for examining the interrelation between brain drain, brain gain and the location of human capital formation, at home or abroad. Ex ante choices regarding where to study depend on relative qualities of...

Pour étudier les migrations internationales de travailleurs qualifiés, nous construisons un modèle à deux pays : pays d'origine et pays d'accueil. Un étudiant du pays d'origine peut soit entreprendre des études locales, soit aller étudier à l'étranger où il a par la suite une certaine...

We consider firms perfectly symmetrical on production costs in the pre-merger game but the cost of the merged entity may be amended due to the anti-competitive effects of the merger. The lack of empirical precision concerning the effect of the merger on production costs (Scherer, 1980 or Tichy,...

The issue of Competitive Balance is a central issue in the literature on the economics of professional sports. The basic idea is that the managers of professional sports leagues must maintain a certain level of competitive balance in their league if they want it to remain attractive (Rottenberg...

This paper examines empirically the link between the post-entry strategies of new entrepreneurs and the duration of the firm. We use a sample of French entrepreneurs that have set up or taken over a firm during the first six months of 1994. For firms that are still alive at least four years...

In a sample of newly created French firms, the impact of an entrepreneurís education on the firm's survival varies widely depending on his previous labor market situation. While it is strongly positive for the overall population, it is much weaker or insignificant for entrepreneurs who were...