Predation due to adverse selection in financial markets

International Journal of Industrial Organization

Volumn 22, Issue 5, 2004, Pages 715-733

  Fernández Ruiz, Jorge ^a  

^a EL COLEGIO DE MÉXICO   (Mexico)

Author keywords

Long purse; Predation; Signal jamming

Indexed keywords

CONSTRAINT THEORY; CONTRACTS; DECISION MAKING; FINANCE; INDUSTRIAL ECONOMICS; PROBABILITY; PUBLIC POLICY; STRATEGIC PLANNING;

FINANCIAL MARKETS; LONG-PURSE; PREDATION; SIGNAL-JAMMING;

SOCIETIES AND INSTITUTIONS;

EID: 2642554676     PISSN: 01677187     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.ijindorg.2003.08.002     Document Type: Article

References (17)

1. Aghion P., Bolton P. An incomplete contracts approach to financial contracting. Review of Economic Studies. 59:1992;473-494.
2. Bhattacharya S. Imperfect information, dividend policy, and the 'Bird in the Hand' fallacy. Bell Journal of Economics. 10:1979;259-270.
3. Bolton P., Scharfstein D. A theory of predation based on agency problems in financial contracting. American Economic Review. 80:1990;93-106.
4. Diamond D.W. Debt maturity structure and liquidity risk. Quarterly Journal of Economics. 106:1991;709-737.
5. Diamond D.W. Bank loan maturity and priority when borrowers can refinance. Mayer C., Vives X. Capital Markets and Financial Intermediation. 1993;Cambridge University Press, Cambridge, New York & Melbourne.
6. Faure-Grimaud A. The regulation of predatory firms. Journal of Economics and Management Strategy. 6:1997;849-876.
7. Flannery M.J. Asymmetric information and risky debt maturity choice. Journal of Finance. 41:1986;19-38.
8. Fudenberg D., Tirole J. A 'Signal Jamming' theory of predation. Rand Journal of Economics. 17:1986;366-376.
9. Jain N., Jeitschko Th.D., Mirman J. Financial Intermediation and Entry Deterrance. 1999;Rice University, Houston, TX. (Working Paper).
10. McGee J. Predatory Price Cutting: The Standard Oil (N.J.) Case Journal of Law and Economics. 1:1958;137-169.
11. Miller M., Rock K. Dividend Policy under Asymmetric Information. Journal of Finance. 40:1985;1031-1051.
12. Myers S., Majluf N. Corporate financing and investment decisions when firms have information that investors do not have. Journal of Financial Economics. 13:1984;187-221.
13. Poitevin M. Financial signalling and the 'Deep-Pocket' argument. Rand Journal of Economics. 20:1989;26-40.
14. Ross S. The determination of financial structure: the incentive-signalling approach. Bell Journal of Economics. 8:1977;23-40.
15. Snyder C. Negotiation and renegotiation of optimal financial contracts under the threat of predation. Journal of Industrial Economics. 44:1996;325-343.
16. Telser L. Cutthroat Competition and the Long Purse Journal of Law and Economics. 9:1966;259-277.
17. Tirole J. The Theory of Industrial Organization. 1988;MIT Press, Cambridge.