frictions, both parties in a match are partially locked-in when they bargain over the joint surplus from their sunk investments … case of investments in homogenous capital only the agents on the short side acquire ownership of capital. There is always …

Abstract In markets with competing interconnected networks like mobile telecommunication markets investments affect the … investor’s and also any competitors’ profits. In a theoretical model it is shown that cost-reducing investments reduce the …, investments increase off-net traffic from the investor’s network but also from competitors’ networks. Regulation changes the …

According to disposition effect theory, people hold losing investments too long. However, many investors eventually …

intensifies competition in all regions. We show that the cost-reducing potential of investments dominates the strategic effect …

effect through investments and income inequality. Indeed, democratic institutions attract investments that hurt environment …

addition, an increase in interalliance competition decreases investments in the focal alliance but increases investment in the …