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Debt Financing with Limited Liability and Quantity Competition
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- Authors
- Issue Date
- 1999-07
- Citation
- Seoul Journal of Economics, Vol.12 No.3, pp. 295-305
- Keywords
- Brander and Lewis ; limited liability
- Abstract
- In this paper we extend some results of Brander and Lewis (1986). In particular, we show that their main theorem, as it is stated, is not true. We provide the correct and extended version of that result and also discuss how this approach can be used to probe into some well known Industrial Organisation results.
- ISSN
- 1225-0279
- Language
- English
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