This paper studies an information hierarchy among players in a competitive context. The hierarchy specifies a player's observation of her opponents' types, which measure their competitiveness: the higher the player is ranked in the hierarchy, the more types she observes. The players then decide...

This paper studies the effect of technology spillovers on the entry decision of a multinational enterprise into a foreign market. Two alternative entry modes for a foreign direct investment are considered: Greenfield investment versus acquisition. We find that with quantity competition a...