The role of firm size in bilateral bargaining: a study of the cable television industry

Article Abstract:

The role of buyer merger on bilateral negotiations between a supplier and n buyers in the cable television industry has been examined. A model in which the seller has market power while the buyers are monopolists in their respective markets is used in the study. Results indicate that mergers alter the buyers' efficiency or their bargaining outcome. Mergers that increase the efficiency of buyers are those that acquire more from the seller.

Cable Television Systems, Cable Networks, Cable and other pay TV services, Acquisitions Analysis NEC, Research, Mergers, acquisitions and divestments, Acquisitions and mergers, Cable television broadcasting industry, Cable television, Industrial concentration

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Learning by doing and the choice of technology

Article Abstract:

A one-agent Bayesian model of learning by doing and technological choice is analyzed. The model is based on the premise that technology use provides learning which improves decision making and productivity while productivity growth is dependent on the continuous shift to better technologies. The ability to transfer previously acquired knowledge to new activities is also determined by similarities between the new and old activities.

Bayesian statistical decision theory, Bayesian analysis, Human capital

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Sunk costs and the variability of firm value over time

Article Abstract:

A discussion is done on the empirical meaning of variability in firm values in several models of industry evolution. The three models include passive learning models, active learning models and external shocks models. These models are inconsistent and demonstrate different aspects of industry behavior.

Economic aspects, Business enterprises, Industrial development, Industrialization

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