Article history: Received 27 January 2012 Received in revised form 25 June 2013 Accepted 25 June 2013 Available online 8 July 2013 This paper examines the effect of capital structure on the competitive position of firms in the product market, as measured by themarket share. Theoretical predictions suggest that this effect depends onwhether Cournot or Bertrand competition determines firms' inter...

K e y w o r d s S t a g e structure, Competition, Global stability, Periodic solution. 1. I N T R O D U C T I O N The classical Lotka-Volterra type competitive system is an important population model and has been studied by many authors (see, for example, [1-9]). The two-species autonomous competitive system is of the form, ~ (t) = ~ (t) b~ ~ a~j~j (t) , i = 1, 2, (1.1) j = l where xi(t) denote...

In this paper, we consider a time-delayed periodic system which describes the competition among mature populations. By appealing to theories of monotone dynamical systems, periodic semiflows and uniform persistence, we analyze the evolutionary behavior of the system and establish sufficient conditions for competitive coexistence and exclusion.  2005 Elsevier Inc. All rights reserved.

National antitrust policies have potentially profound effects on global competitiveness of individual industries. Public policy interventions affecting organizational arrangements within industries, enforcement of commodity standardization, and price competition, as well as the regulation of intellectual property rights, are the major tools by which Government executes antitrust policies. This ...

This paper is concerned with examining the way in which rooted building blocks grow in GP-like systems. We hypothesize that, in addition to the normal notion of co-operative building blocks, there are also competitive building blocks in the population. These competitive building blocks are all of the rooted variety, all share a similar root structure and compete with each other to spread their ...

Liberalisation transforms market structures through the responses of incumbent firms and entrants to freedom of choice. Market shares tend to turn more volatile, and the agility and competitiveness of small, as against large, firms determine whether markets grow more concentrated, or less. We analyse the way these processes played out in Indian manufacturing industries over the 17-year period f...

This paper analyzes how human capital and economic uncertainty affect capital structure and managerial compensation. We model a competitive industry where wealth constrained managers provide human capital that can be transferred across firms, and where equityholders give managers access to the physical assets of the firm. Equityholders and managers bargain for the firm’s stochastic free cash fl...

An analysis is introduced, based on the decomposition of relative growth rates, to examine the mode of competition (i.e. whether competition is symmetric or asymmetric), the size-dependence of growth, and their interdependence. In particular, the basis for two commonly held views is examined: (1) that the type of resource limitation determines the mode of competition, and (2) that asymmetric co...

a r t i c l e i n f o Innovation-driven durable goods markets see substantial changes in quality and available choice sets and subsequent changes of the reference quality in the market over time. Considering the multi-attribute characteristics of these goods, it is important for businesses to identify attribute-specific competitive landscapes and develop competitive innovation strategies at the...