We consider takeover bidding in a Cournot oligopoly when firms have private information concerning the synergy effect of merging with a takeover target. Two auction rules are considered: standard first-price and profit-share auctions, supplemented by entry fees. Since non-merged firms benefit...

The issue of the credit crunch in the aftermath of the Asian crisis has stimulated much debate. Indeed, some features of the East Asian economies, such as bank-based financial systems and high leverage, make them particularly vulnerable to monetary and financial shocks. Under such circumstances,...

The sum-max 2-most reliable sources (Sum-Max 2-MRS) problem in a given unreliable network is referred to as finding a pair of nodes in the network from which the expected number of reachable nodes is maximized. This problem is #P-hard on general graphs and admits a cubic time algorithm on trees...