Now showing items 1-2 of 2

    • Oligopoly and Financial Structure: The Limited Liability Effect 

      Lewis, TR; Brander, J (1986)
      We argue that product markets and financial markets have important linkages. Assuming on oligopoly in which financial and output decisions follow in sequence, we show that limited liability may commit a leveraged firm to ...
    • Rational Pessimism, Rational Exuberance, and Asset Pricing Models 

      Bansal, R; Gallant, AR; Tauchen, G (1999)
      estimates and examines the empirical plausibility of asset pricing models that attempt to explain features of financial markets such as the size of the equity premium and the volatility of the stock market. In one model, ...