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This paper proposes a theory of gazelle growth in which gazelles can grow either organically or through acquisitions. The model includes three types of firms: incumbent, target, and gazelle. We show that the lower cost of organic growth can increase the incentives for acquisition growth because the incumbent understands that if it acquires the target firm, the gazelle will then invest organically
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Mergers of neutron stars (NS) and white dwarfs (WD) may give rise to observable explosive transientevents. We use 3D hydrodynamical (SPH) simulations, as well as 2D hydrodynamical-thermonuclearsimulations (using the FLASH AMR code) to model the disruption of CO-WDs by NSs, whichproduce faint transient events. We post-process the simulations using a large nuclear network andmake use o
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During times of crisis, such as the COVID-19 pandemic, policymakers and the public reveal a strong preference for fairness in pricing even when that would reduce efficiency. For example, they support the application of price gouging laws that prevent prices for necessities from skyrocketing but probably also dampen incentives for firms to produce more and alleviate the shortage. More generally, a
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This article suggests a model for lexical verb semantics that unifies Halliday’s model for transitivity with Langacker’s concept of base and profile and also with a model for situation type (cf. Smith 1997). It is claimed that verbs adhere to one of four macro domains: the material, the social, the mental or the relational domain. Within these domains there are numerous types of verbs, such as mot
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Travel and tourism have become an increasingly important sociocultural and economic phenomena in the contemporary globalized world. As an arena in which people and businesses from different countries come into contact, tourism operates within the framework of particular spatial patterns and is closely bound up with issues of foreign policy, international relations, public policy and the exercise o
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As part of the “enlightened” reform activity, Gustav III issued a Tolerance Edict for “foreign believers” in 1781. This law allowed Catholic immigrants to publicly practice their religion. The members of the Reformed communities had already been granted the same rights, and in 1782 the ban on Jewish immigration was abolished. According to previous research, these edicts of toleration, in addition
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To what extent can securitization theory help us to engage with the puzzles and problems of foreign policy analysis (FPA)? And how can FPA scholarship contribute to the development of the assumptions of securitization? This chapter will probe these questions and attempt to demonstrate that these seemingly disparate research traditions indeed both complement and inform one another. Securitization t
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The process of financialisation has been cast as a major contributor to increasing inequality of wealth and income in a number of advanced industrialised economies, but the nature of the link requires precise clarification. In this article, we argue that financialisation in Australia has advanced inequality, but in a particular way. Charting several features of ‘financialisation of the macroeconom
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Background: Treatment of common bile duct (CBD) stones after Roux-en-Y gastric bypass (RYGB) poses a particular challenge given the altered anatomy and inability to perform a standard endoscopic retrograde cholangiogram (ERC). The optimal treatment strategy for intraoperatively encountered CBD stones in post-RYGB patients has not been established. Objectives: To compare outcomes following laparosc
