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This paper presents a dynamic model of takeovers based on the stock market valuations of merging firms. The model incorporates competition and imperfect information and determines the terms and timing of takeovers by solving option exercise games between b ...
An increasing amount of Web services are being implemented using process management tools and languages (BPML, BPEL, etc.). The main advantage of processes is that designers can express complex business conversations at a high level of abstraction, even re ...
This paper describes the so called interfacial transition zone - ITZ - in concrete. This is the region of the cement paste around the aggregate particles, which is perturbed by the presence of the aggregate. Its origin lies in the packing of the cement gra ...
Does R&D have an impact on firm growth, profits, and value? To most observers, the obvious answer is yes. However, the recent report by Booz-Allen-Hamilton (BAH 2006) seems to conclude that the share of spending devoted to research has no relationship to t ...
We develop a two-stage model for versioning products with respect to both vertical and horizontal attributes. At first, a firm positions its top-quality “flagship” product in a market with an imperfectly known distribution of tastes and reservation prices. ...
This article develops an equilibrium framework for the joint determination of the timing and the terms of takeovers in the presence of competition and imperfect information. The model analyzes takeovers as exchange options and derives equilibrium restructu ...
Entrepreneurs play a fundamental role in bringing new technologies to market. Because technologies are often configurable to serve a variety of different markets, it is possible for entrepreneurs to identify multiple market opportunities prior to the first ...
Amphiphilic multiarm star-block copolymers with a hydrophobic inner and a hydrophilic outer shell have been used to encapsulate hydrophobic bioactive volatiles in aqueous media under realistic application conditions. The release rates of the bioactive comp ...
Automatic annotation of medical images is an increasingly important tool for physicians in their daily activity. Hospitals produce nowadays an increasing amount of data. Manual annotation is very costly and prone to human mistakes. This paper proposes a mu ...
Automatic annotation of medical images is an increasingly important tool for physicians in their daily activity. Hospitals nowadays produce an increasing amount of data. Manual annotation is very costly and prone to human mistakes. This paper proposes a mu ...