Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5099130 | Journal of Economic Dynamics and Control | 2011 | 12 Pages |
Abstract
The paper analyzes the firm's pricing policy facing scenarios of mild, intermediate and severe recessions, while taking the threat of bankruptcy into account. For an intermediate recession the optimal solution is history-dependent. The results have implications for policy interventions in capital markets and for timing of mergers and acquisitions.
Related Topics
Physical Sciences and Engineering
Mathematics
Control and Optimization
Authors
J.P. Caulkins, G. Feichtinger, D. Grass, R.F. Hartl, P.M. Kort, A. Seidl,