The deterring role of the medium of payment in a takeover contest is analyzed from the point of view of the bidder. Cash, debt and equity are considered as alternative mediums of payment, and the bidder equilibrium strategies are specified following the Perfect Bayesian Equilibrium requirements...

In the present contribution , the concept development of competence and capability-related research from its beginnings in the 1950s to the most recent contributions of the 1990s will be illustrated. Common themes in the different approaches will be highlighted and their idiosyncratic...

In this paper, a spatial (circular) model is used to endogenously determine product locations and prices when consumers have an elastic (linear) demand with a finite reservation price. I show that a symmetric two-stage Bertrand-Nash equilibrium requires maximal product differentiation....