foreclosure of complementary software to rival hardware. Foreclosure occurs when a console hardware manufacturer produces software … foreclosure effect which increases console market power and forces prices higher. The second, an efficiency effect, drives prices … lower. Counterfactual exercises determine vertical integration with foreclosure is pro-competitive. It increases price …

An essential input price that is “too high” relative to the downstream price leads to inefficient foreclosure and one …

legal notice of foreclosure. In particular, we focus on a borrower’s ability to avoid a foreclosure auction by getting a … modification, by refinancing the loan, or by selling the property. We find that the outcomes of the foreclosure process are … junior lien; the borrower’s post-default payment behavior, including the borrower’s participation in foreclosure counseling …

. We develop a model and demonstrate how compensation incentives interact and influence a special servicer’s foreclosure … problem whereby foreclosure represents a discrete terminal state of an optimal stopping problem. This model thus captures the …

securitization on the incidence of mortgage modification and foreclosure based on the early payment default analysis performed by …

Most previous empirical studies on foreclosure price discounts are based on data from housing-markets during periods of … examined the pricing implications of short sale transactions. This study examines the discounts associated with foreclosure and …. Generally, we find approximately 20 % and 13 % discounts for foreclosure transactions and short sale transactions, respectively …

We investigate the efficiency, foreclosure, and collusion rationales for vertical integration in a large sample of … holdup) and provides incentives to undertake relationship-specific investments. In contrast, the foreclosure and collusion … rationales suggest that vertical integration is anticompetitive in nature. Specifically, the foreclosure argument suggests that …