We analyze the strategic use of the debt in a duopoly model of Cournot competition. We consider a two stage model where debt acts as a commitment variable and we characterize subgame perfect equilibria. We differ from several models based on the strategic value of the debt such as Wanzenried...

<!--Début du contenu @xml:lang="en"-->?This article examines the influence of a private entrant? nationality upon its choice of market penetration when the incumbent (state-owned firm) is in charge of the Universal Service Obligations. ?<!--Fin du contenu @xml:lang="en"-->We compare the area of coverage freely chosen by each type of entrant to those that would prevail...

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...