We consider firms perfectly symmetrical on production costs in the pre-merger game but the cost of the merged entity may be amended due to the anti-competitive effects of the merger. The lack of empirical precision concerning the effect of the merger on production costs (Scherer, 1980 or Tichy,...

The purpose of this paper is to formalize the choices of market entry strategy (Export Vs Greenfield investment Vs Cross border M&A) and the target selection (Acquisition of high-productivity firm or low-productivity one) for a foreign firm, and to delineate the relationship between foreign...

In this note we reconsider the paper of Brod and Shivakumar (1999), published in the Journal of Industrial Economics, who analyze a twostage model in which the firms compete in two dimensions and examine the effect of semi-collusion when the non-production activity is R&D. They shed light on...

We consider an oligopolistic industry including leveraged firms and unleveraged ones where firms are engaged in a sequential decision-making process. At the first stage of the game, a firm and her bank, considering the demand uncertainty and the distribution probability of the shock, evaluate a...

The issue of Competitive Balance is a central issue in the literature on the economics of professional sports. The basic idea is that the managers of professional sports leagues must maintain a certain level of competitive balance in their league if they want it to remain attractive (Rottenberg...

This paper examines empirically the link between the post-entry strategies of new entrepreneurs and the duration of the firm. We use a sample of French entrepreneurs that have set up or taken over a firm during the first six months of 1994. For firms that are still alive at least four years...

In a sample of newly created French firms, the impact of an entrepreneurís education on the firm's survival varies widely depending on his previous labor market situation. While it is strongly positive for the overall population, it is much weaker or insignificant for entrepreneurs who were...

The decision to start up or to take over an enterprise is induced both by the social and personal situation of the individual and by an environment which is more or less favourable to entrepreneurship. In this environment, we identify several constraints such as financial, technical,...