Extent of Competition in Downstream Industries. in the Presence of Imperfect Output Markets and Asymmetric Information in … the Output Market. This Model Finds a Natural Interpretation in an International Trade Context. the Result Shows That … Freeing Financial Markets From Trade Barriers May Decrease the Competitiveness of International Oligopolies by Allowing Firms …

Asymmetric Information. We Argue That a Firm's Financial Policy May Serve As a Common Signal in Both Markets. a Monopoly Is … Its Private Information to Financiers to Obtain Financial Prices That Reflect Its Quality. Simultaneously It Would Like to …

Telse (1966). We Base Ou Explanation on the Presence of Asymmetric Information in Financial and Output Markets. …