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Mathematics

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Who deters entry? Evidence on the use of strategic entry deterrents

Article Abstract:

Data from 269 managers in 42 product groups are used to study entry-deterrent strategies in new and existing product markets. Probit analysis reveals that such strategies are used for new products when markets are research and development intensive, concentrated, and composed of large-sized firms. The same is true for existing products, but in this case, firm size is irrelevant. Strategies used in the former case are advertising and patent preemption, while the latter often involves profit-masking, niche-filling, and advertising.

Methods, Product management, New products, Product introduction, Diversification in industry, Industrial diversification, Barriers to entry (Industrial organization), Barriers to entry

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Central bank secrecy and money surprises: international evidence

Article Abstract:

The issue of secrecy and disclosure of central bank policies is studied by measuring the information worth of monetary forecasts of the Bank of Japan (BoJ) and the Federal Reserve (Fed). The BoJ publicizes its policies while the Fed does not. Findings reveal that the Fed's policies are more valuable since the BoJ's announcements do not give much new information.

Management, Economic policy, Central banks, United States. Federal Reserve Board, Monetary policy, Confidential communications, Bank of Japan, Bank secrecy

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Evidence of the Fisher effect from U.K. indexed bonds

Article Abstract:

The real interest rate and inflation expectation data derived from the UK indexed securities market are used to test the Fisher hypothesis. Results indicate that the data used supports the Fisher hypothesis in its tax-adjusted form while the inverted Fisher hypothesis is rejected completely. For shorter maturities, the Mundell-Tobin effect is reflected.

Research, Bonds, Bonds (Securities), Index participations

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