Similar Search Results

Tests for the consistency of three-level nested logit models with utility maximization.

Gil-Moltó, María José; Hole, Arne Risa - EconWPA - 2003

This paper provides necessary conditions for testing the local consistency of three-level nested logit models with random utility maximization. We find that for a model with two sub-nests per nest the conditions can lead to a substantial increase in the range of acceptable dissimilarity...

Persistent link: https://www.econbiz.de/10005556267

The Strategy-Proof Provision of Public Goods under Congestion and Crowding Preferences

Jackson, Matthew O.; Nicolo, Antonio - EconWPA - 2002

regarding group size - being small when congestion effects dominate (individuals prefer to have fewer other consumers) and large …

Persistent link: https://www.econbiz.de/10005135135

Congestion, Private Peering and Capacity Investment on the Internet.

Manenti, Fabio M. - EconWPA - 2002

This paper presents a model of private bilateral and multilateral peering arrangements between Internet backbone providers when the network is congested. We study how different forms of interconnection and the competitive conditions of the market affect backbones' investments in network and...

Persistent link: https://www.econbiz.de/10005412875

Toeholds and Takeovers

Bulow, Jeremy; Huang, Ming; Klemperer, Paul - EconWPA - 1999

(forthcoming Journal of Political Economy). Part ownership of a takeover target can help a bidder win a takeover auction, often at a low price. A bidder with a "toehold" bids aggressively in a standard ascending auction because its offers are both bids for the remaining shares and asks for its...

Persistent link: https://www.econbiz.de/10005076990

New Anti-Merger Theories: A Critique

Lopez, Edward J. - EconWPA - 2005

The purpose of this paper is to evaluate two new anti-merger instruments, innovation markets and unilateral effects, on the basis of economic theory and evidence. I first discuss how the economics of antitrust has developed over the years, with the intention of characterizing the intellectual...

Persistent link: https://www.econbiz.de/10005124983

IMPACT OF MERGERS AND AMALGAMATION ON THE PERFORMANCE OF INDIAN COMPANIES

Tambi, Mahesh Kumar - EconWPA - 2005

This paper is an attempt to evaluate the impact of Mergers on the performance of the companies. Theoretically it is … assumed that Mergers improves the performance of the company due to increased market power, Synergy impact and various other … were done mostly in the US and other European countries. I evaluate the impact of Mergers on Indian companies through a …

Persistent link: https://www.econbiz.de/10005134825

Joint Bidding in Common Value Auctions: Theory and Evidence

Mares, Vlad; Shor, Mikhael - EconWPA - 2003

We examine theoretically and experimentally two countervailing effects of collusion and symmetric mergers among bidders …

Persistent link: https://www.econbiz.de/10005407619

Toeholds and Takeovers

Bulow, Jeremy; Huang, Ming; Klemperer, Paul - EconWPA - 1996

Part ownership of a takeover target can help a bidder win a takeover auction, often at a low price. A bidder with a ``toehold'' bids aggressively in a standard ascending auction because its offers are both bids for the remaining shares and asks for its own holdings. While the direct effect of a...

Persistent link: https://www.econbiz.de/10005413099

Does Geography Play a Role in Domestic Takeovers? Theory and Finnish Micro-level Evidence

Böckerman, Petri; Lehto, Eero - EconWPA - 2005

This paper explores domestic mergers and acquisitions (M&As) from the regional perspective. The Finnish firm …

Persistent link: https://www.econbiz.de/10005556219

Does Geography Play a Role in Domestic Takeovers? Theory and Finnish Micro-level Evidence

Böckerman, Petri; Lehto, Eero - EconWPA - 2005

This paper explores domestic mergers and acquisitions (M&As) from the regional perspective. The Finnish firm …

Persistent link: https://www.econbiz.de/10005118986