In the future, a ban of pay-per-view broadcasting will arise on certain events included on national lists in each EU country as put forward in the new "Television Without Frontiers" Directive from the 16th of April 1997. This paper analyzes theoretically the consequences of such a ban when the...

In the future, a ban of pay-per-view broadcasting will arise on certain events included on national lists in each EU country as put forward in the new ''Television Without Frontiers'' Directive from the 16th of April 1997. This paper analyses theoretically the consequences of such ban when the...

In the future, a ban of pay-per-view broadcasting will arise on certain events included on national lists in each EU country as put forward in the new ''Television Without Frontiers'' Directive from the 16th of April 1997. This paper analyses theoretically the consequences of such ban when the...

This paper considers a standard general equilibrium model with incomplete markets, which is extended to incorporate durable goods and the possibility of default, following Dubey, Geanakpolos and Shubik (1990) and Geanakoplos and Zame (1998). In such a model asset markets will not be active...

This paper develops a signalling model of an entrepreneur's decision to go public when he continues as a manager. The intrepreneur takes his firm public in order to cash in on his initial investment. Assuming that the entrepreneur can design the ownerhsip structure when going public, we show...