Results 71 to 80 of about 955 (196)
Strategic Stake Acquisitions in Rival Firms: Common vs. Cross‐Ownership
The Journal of Industrial Economics, EarlyView.ABSTRACT We study how a blockholder who controls a firm should acquire a minority stake in a rival: directly, creating common ownership, or indirectly through the controlled firm, creating cross‐ownership. Common ownership generates stronger internalization of competitive externalities and allows the blockholder to capture the resulting gains without ...
Vincenzo Denicolò, Fausto Panunzi
wiley +1 more source
Nash equilibria in optimal reinsurance bargaining
Insurance: Mathematics and Economics, 2020 22 pages, 3 ...
Michail Anthropelos, Tim J. Boonen
openaire +3 more sources
Contingent capital: A tale of two valuations
Journal of Risk and Insurance, EarlyView.Abstract This study investigates the valuation gap between buyers and sellers of insurers' contingent capital, driven by asymmetric exposures to tax benefits, capital injections, and bankruptcy costs. We develop a novel Twin‐Tree Model with Jumps (TTMJ) that models the insurer's asset value dynamics by incorporating catastrophe risk, insolvency risk ...
Tian‐Shyr Dai +3 more
wiley +1 more source
Pattern’s negotiations and bargaining in the supply chain based on the Nash Bargaining Solution [PDF]
کاوشهای مدیریت بازرگانیEXTENDED ABSTRACTIntroductionIn the bargaining process, most people follow their usual procedures when faced with issues and disputes and seek to find a solution that satisfies the interests of the parties.
Mohammad Safari, Arian Bakhti
doaj +1 more source
Employee Fraud and the Statute of Limitations in a Search and Matching Model
The Manchester School, EarlyView.ABSTRACT This paper integrates employee fraud into a Mortensen‐Pissarides search and matching model to analyze labor market dynamics under imperfect legal enforcement. We introduce a time‐dependent punishment structure where the offender's effective liability is governed by the statute of limitations. We characterize both short‐ and long‐run equilibria,
Mauricio Benegas, José Freire Júnior
wiley +1 more source
Low‐Carbon Optimal Scheduling of Multiple Virtual Power Plants Based on Asymmetric Nash Bargaining
Energy Science & EngineeringTo effectively investigate the structural discrepancies and complementary energy characteristics among multiple virtual power plants (VPPs), and to improve the economic efficiency, low‐carbon performance, and operational reliability of the multi‐agent ...
Junjie Qiu +5 more
doaj +1 more source
The Role of Labour Market Institutions in Shaping Euro Area Monetary Policy Transmission
Oxford Bulletin of Economics and Statistics, EarlyView.ABSTRACT We examine how labour market institutions shape monetary policy transmission in euro area countries. A theoretical model suggests that higher union density flattens the Phillips curve, amplifying output responses while dampening the inflation effects of monetary shocks. This is empirically confirmed using an interacted panel VAR.
Maximilian Boeck, Christian Glocker
wiley +1 more source
Philosophy and Phenomenological Research, EarlyView.ABSTRACT I discuss conditions under which maximizing a proxy utility function is harmful and suggest this poses problems for applying decision theory.
Sven Neth
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EnergiesTo improve the regulatory capacity of distributed resources within the park and enhance the flexibility of market transactions, this paper introduces a distributed dispatch and profit allocation method grounded in cooperative game theory and the ...
Hanwen Wang +3 more
doaj +1 more source
Migrant Smuggling to Europe: A Two‐Sector Model With Directed Search
Review of International Economics, EarlyView.ABSTRACT In the last decade, combating migrant smuggling has emerged as a top priority for the European Union (EU). An idiosyncratic feature of this market is its dual supply‐side organization, comprising a small number of criminal cartels and a large mass of self‐employed smugglers.
Claire Naiditch, Radu Vranceanu
wiley +1 more source