Coordination Equilibrium, Price Stickiness, and Markup Variations in Market Games

We advance quantitative-theoretic models of sovereign debt by proving the existence of a downward sloping equilibrium price function for long-term debt and implementing a novel method to accurately compute it. We show that incorporating long-term debt allows the model to match Argentina's average external debt-to-output ratio, average spread on external debt, the standard deviation of spreads, and simultaneously improve upon the model's ability to account for Argentina's other cyclical facts. We also investigated the welfare properties of maturity length and showed that if the possibility of self-fulfilling rollover crises is taken into account, long-term debt is superior to short-term debt. (JEL E23, E32, F34, O11, O19)

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Vulnerable Company’s Triumphs in M&A Negotiation under the Impact of COVID-19 — An Empirical Study of Asian Companies

Review of Pacific Basin Financial Markets and Policies ◽

10.1142/s0219091521500120 ◽

2021 ◽

pp. 2150012

Author(s):

Tsai-Hsin Cheng ◽

Chung-Jian Huang ◽

Chao-Hsien Sung ◽

Yi-Chang Huang

Keyword(s):

Game Theory ◽

Empirical Study ◽

Mergers And Acquisitions ◽

Strategic Alliances ◽

Information Economics ◽

Biotechnology Industry ◽

Equilibrium Price ◽

Cold Chain ◽

Investment Valuation ◽

The Impact

The worldwide lockdown caused by COVID-19 has led to the complete suspension of shipping, land transportation, and aviation. As a result of the redistribution of global resources, governments have recently advocated acquisitions and mergers with strategic alliances and vertical integrations to revitalize the economy. This study aims to investigate how the mergers and acquisitions (M&A) were negotiated and how the equilibrium price was achieved with game theory and information economics in agricultural and fishery biotechnology industry. The findings in the present study propose that by adopting investment valuation (asset-based approach, revenue method, market method) and presenting three patents (globally unique nondrug-denatured pure male tilapia and GPS [Formula: see text]C cloud cold chain logistics), the more the vulnerable company is able to attain a triumphant price during the negotiation of M&A.

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Replica Market Games

Theory and Decision Library - Game Theory ◽

10.1007/978-1-4757-3212-2_6 ◽

2000 ◽

pp. 429-468

Author(s):

Joachim Rosenmüller

Keyword(s):

Market Games

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