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We examine the profitability of cross-ownership in an oligopolistic industry where firms compete as Cournot rivals. We … over to the case of non-renewable resource industries. The profitability of a symmetric cross-ownership can be positive …
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This paper investigates the strategic incentives for vertical foreign investment by risk-neutral oligopolistic firms and the effect of exchange rate uncertainty on such investment. Firms competing in a domestic final good market meet their input requirements through import. They have the option...
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This paper investigates the sources of the profitability of 1024 moving average and momentum models when trading in the … have been profitable over the entire sample period. Second, this profitability is exclusively due to the exploitation of …. Fifth, the profitability of technical trading the German mark (euro)/U. S. dollar exchange rate has been significantly lower …
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