A Game-Theoretic Model of Corporate Takeovers by Major Stockholders
用博弈论模型分析有两名大股东的公司中现金与决策权的交换，研究收购的可行性与盈利性，并求解威胁抵抗的纳什均衡策略。
This paper models the exchange between cash and decision power among all stockholders in a company with two major stockholders. It investigates the feasibility and profitability of corporate takeovers, and shows the existence, under some conditions, of pairs of Nash equilibrium strategies that result in one major stockholder taking control of the company. Finally, it solves for threat-resistant strategies (takeover offers that will not be outbid) for both major players, and concludes with a threat-resistant Nash equilibrium solution to the model.