Buyouts under the threat of preemption

Preemption games under Lévy uncertainty

We study a stochastic version of Fudenberg–Tirole’s preemption game. Two firms contemplate entering a new market with stochastic demand. Firms differ in sunk costs of entry. If the demand process has no upward jumps, the low cost firm enters first, and the high cost firm follows. If leader’s optimization problem has an interior solution, the leader enters at the optimal threshold of a monopolis...

Transportation Under the Threat of Influenza

There are a number of different cars for transferring hundreds of close contacts of swine influenza patients to hospital, and we need to carefully assign the passengers to those cars in order to minimize the risk of influenza spreading during transportation. The paper presents an approach to straightforward obtain the optimal solution of the relaxed problems, and develops two iterative improvem...

Express preemption and premarket approval under the Medical Device Amendments.

Millions of dollars are spent each year in an effort to develop new medical devices designed to help individuals facing serious medical conditions. However, before these devices can reach consumers, they must be reviewed and cleared by the Food and Drug Administration ("FDA"). Innovative medical devices which pose the greatest risks and are aimed at helping the most critically ill consumers are...

Recommending under Threat of Manipulation

Collaborative filtering accomplishes automated personalized content recommendation but by relying on anonymous user feedback is vulnerable to manipulation. Taking measures to improve robustness to outliers seeks to increase resistance against such manipulation. However, this detrimentally impacts recommendation quality even in the absence of such attacks. By taking a competitive game perspectiv...

Leveraged Buyouts in Poland