This paper analyses the profitability of horizontal mergers in a Stackelberg model and their impact on welfare when there is uncertainty about the marginal costs of the newly merged firms. The authors consider that the merging firms decide their production strategy knowing the actual value of...

We analyze the strategic use of the debt in a duopoly model of Cournot competition. We consider a two stage model where debt acts as a commitment variable and we characterize subgame perfect equilibria. We differ from several models based on the strategic value of the debt such as Wanzenried...

This paper analyses the profitability of horizontal mergers in a Stackelberg model and their impact on welfare when there is uncertainty about the marginal costs of the newly merged firms. The authors consider that the merging firms decide their production strategy knowing the actual value of...

<!--Début du contenu @xml:lang="en"-->?This article examines the influence of a private entrant? nationality upon its choice of market penetration when the incumbent (state-owned firm) is in charge of the Universal Service Obligations. ?<!--Fin du contenu @xml:lang="en"-->We compare the area of coverage freely chosen by each type of entrant to those that would prevail...