• Publications
  • Influence
Market structure and foreign trade
  • 3,379
  • 171
Export Subsidies and International Market Share Rivalry
Countries often perceive themselves as being in competition with each other for profitable international markets. In such a world export subsidies can appear as attractive policy tools, from aExpand
  • 1,894
  • 155
  • PDF
Oligopoly and Financial Structure: The Limited Liability Effect
The authors argue that product market decisions and financial structure will normally be related. Assuming an oligopoly structure in which financial decisions and output decisions follow insequence,Expand
  • 1,028
  • 120
  • PDF
A 'Reciprocal Dumping' Model of International Trade
This paper develops a model in which the rivalry of oligopolistic firms serves as an independent cause of international trade. The model shows how such rivalry naturally gives rise to "dumping" ofExpand
  • 1,255
  • 108
Intra-Industry Trade in Identical Commodities
The usual approach to intra-industry trade is to assume such trade arises because slightly different commodities are produced and traded to satisfy consumers' tastes for variety. This paper showsExpand
  • 793
  • 88
Venture‐Capital Syndication: Improved Venture Selection vs. The Value‐Added Hypothesis
Syndication arises when venture capitalists jointly invest in projects. We model and test two possible reasons for syndication: project selection, as an additional venture capitalist provides anExpand
  • 581
  • 68
  • PDF
Market Conduct in the Airline Industry: An Empirical Investigation
This article calculates conduct parameters (or "conjectural variations") for a set of duopoly airline routes. We estimate the mean conduct parameter for each airline and draw inferences about whetherExpand
  • 401
  • 43
Strategic Trade Policy
This paper reviews the literature on strategic trade policy. Strategic trade policy is defined as trade policy that conditions or alters a strategic relationship between firms, implying thatExpand
  • 346
  • 41
International R&D Rivalry and Industrial Strategy
This paper presents a theory of government intervention which provides an explanation for "industrial strategy" policies such as R&D or export subsidies in imperfectly competitive internationalExpand
  • 842
  • 39
EXECUTIVE SUMMARY This paper investigates the role of venture capitalists. We view their "raison d'etre" as their ability to reduce the cost of informational asymmetries. Our theoretical frameworkExpand
  • 629
  • 38
  • PDF