Deterrence and Perception
نویسندگان
چکیده
منابع مشابه
Uncertainty and entry deterrence*
We study a model where capacity installation by an incumbent firm serves to deter others from entering the industry. We argue that uncertainty about demand or costs forces the incumbent to choose a higher capacity level than it would under certainty. This higher level diminishes the attractiveness of deter rence (Proposition 1) and, therefore, the range of parameter values for which deterrence ...
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We consider a setting in which two potential buyers, one with a prior toehold and one without, compete in a takeover modelled as an ascending auction with participating costs. The toeholder is more aggressive during the takeover process because she is also a seller of her own shares. The non-toeholder anticipates this extra-aggressiveness of the toeholder. Thus, the non-toeholder is deterred fr...
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Successes of law enforcement in apprehending offenders are often publicized events. Such events have been found to result in temporary reductions in offending, or “residual deterrence”. We provide a theory of residual deterrence which accounts for the incentives of both enforcement officials and potential offenders. Our theory rests on the costs of reallocating enforcement resources. In light o...
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In this paper, we analyze the interaction between an incumbent rm's nancial contract with a bank and its product market decisions in the face of the threat of entry, in a dynamic model. The main results of the paper are: there exists a separating equilibrium with no limit pricing; the low-cost incumbent repays more to the bank in the rst period, due to the threat of entry; and there are paramet...
متن کاملStable Deterrence and Its Limits
HERE WAS A HAPPY TIME, not too long ago, when the major dialogue on national arms policy was between the armers and the disarmers. -~The issue, at least in much of the public’s mind, was whether the nation ought to pursue a policy of negotiated comprehensive disarmament or one of national preparedness. There were those who believed that all arms races must eventuate in war, and those who believ...
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ژورنال
عنوان ژورنال: International Security
سال: 1982
ISSN: 0162-2889
DOI: 10.2307/2538549