Financial Intermediation and Entry-Deterrence: A survey
In this paper, we summarize the findings of a series of our papers on the relationship between financial contracting and the game of entry-deterrence in a dynamic context.The incumbent has private information about its cost and enters into an agency relationship with a lender in each of the two periods. We examine the effect of this agency relationship on the probability of entry and limit pricing on the one hand and the effect of the game of entry-deterrence on the form of the financial contract on the other. The three papers make different assumptions about the uncertainty of demand and the informational structure.
Volume (Year): 12 (2001)
Issue (Month): 1 ()
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- Neelam Jain & Thomas D. Jeitschko & Leonard J. Mirman, 2003.
"Financial intermediation and entry-deterrence,"
Springer;Society for the Advancement of Economic Theory (SAET), vol. 22(4), pages 793-815, November.
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Cahiers de recherche
8755, Universite de Montreal, Departement de sciences economiques.
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Working Papers de Economia (Economics Working Papers)
12, Departamento de Economia, Gestão e Engenharia Industrial, Universidade de Aveiro.
- Leonard J. Mirman & Thomas D. Jeitschko & Egas Salgueiro, 2002. "The simple analytics of information and experimentation in dynamic agency," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 19(3), pages 549-570.
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- Phillips, Gordon M., 1995. "Increased debt and industry product markets An empirical analysis," Journal of Financial Economics, Elsevier, vol. 37(2), pages 189-238, February.
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