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With a four-stage sequential game model, we analyse two bailout policies, one when the government commits ex-ante and another, in which it does not, both to an optimal bailout. We study if each of these policies ameliorate the effects of liquidation on fundamentals, reduce the likelihood of...
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advantages, the failure rate of IJVs is very high. This book takes a theoretical approach to the lifecycles of IJVs. Game theory …, contract/incentive theory and repeated games, the author suggests solutions to the problems predicted. …
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