Cuñat, Javier M. López - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2000
appear. Under adverse selection in both, monopolistic and competitive settings, we show that, in order to decrease the … become aggressive under ex ante symmetric information than under adverse selection. Unlike the setting with ex ante symmetric … information, we show that, under adverse selection, the manager may become more aggressive in the monopolistic framework than in …