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Baron Diermeier (2006) - Strategic Activism And Nonmarket Strategy (view source)
Revision as of 19:26, 16 June 2010
, 19:26, 16 June 2010→The Model
*A firm with a concave profit function <math>\pi(\cdot)\,</math>, that has a default activity <math>x_0\,</math>
**Firms may be Strategic (and responsive to demands) with probability <math>p\,</math>, or Recalcitrant with probability <math>1-p\,</math>
*An activist with a strictly increasing utility function <math>v(\cdot)\,</math>
There is a campaign consisting of:
