Competition produces winners and losers. But game theory analysis shows how everyone comes out ahead when retailers and bankers cooperate to reduce finance costs for suppliers in China and other emerging markets. Consumers ultimately score when the savings get passed down the line.
Explaining the Cross Section of Commodity Returns
What’s the most useful way to look at commodity prices?
Enforceability of Agreements Creates Screening Effect
U.S. companies worried about knowledge leakage should be careful what they wish for when they lobby state lawmakers to strengthen the enforceability of noncompete clauses. New research from the University of Maryland’s Robert H. Smith School of Business shows unintended consequences when the contract addendums are given teeth.
How Ownership Structure Affects the Cost of Debt
While privatization comes with benefits — like not being beholden to market speculation or a chorus of diverse shareholders — it also carries risks. Privately held companies, for instance, have limited access to public equity markets, which complicates their ability to keep operations afloat when cash is tight.
How to Beat Power Players at Their Own Game
