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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

Mergers, Acquisitions, Joint Ventures and Strategic Alliances in Agricultural Cooperatives

Hudson, Darren; Herndon, Bill - EconWPA - 2004

A recent merger “wave” has occurred within the economy, including the agricultural sector. Some research has been conducted on publicly traded companies, but there is little information available on merger activity within agricultural cooperatives. This paper presents the results of a recent...

Persistent link: https://www.econbiz.de/10005561492

The Evolution of Tax Evasion in the Czech Republic: A Markov Chain Analysis

Hanousek, Jan; Palda, Filip - EconWPA - 2002

We use a dataset of 1062 individuals from the Czech Republic to forecast the evolution of tax evasion in that country. We ask each respondent how intensely (never, sometimes, often) he evaded taxes in 1995, 1999, and 2000, to calculate probabilities the average individual will move between these...

Persistent link: https://www.econbiz.de/10005125924

Agent-Based Computational Economics

Tesfatsion, Leigh - EconWPA - 2002

Agent-based computational economics (ACE) is the computational study of economies modeled as evolving systems of autonomous interacting agents. Starting from initial conditions, specified by the modeler, the computational economy evolves over time as its constituent agents repeatedly interact...

Persistent link: https://www.econbiz.de/10005076916

The Promises and Perils of Agent-Based Computational Economics

Richiardi, Matteo - EconWPA - 2004

In this paper I analyse the main strengths and weaknesses of agent-based computational models. I first describe how agent-based simulations can complement more traditional modelling techniques. Then, I rationalise the main theoretical critiques against the use of simulation, which point to the...

Persistent link: https://www.econbiz.de/10005125044

Relaxation Algorithms in Finding Nash Equilibria

Krawczyk, Jacek B.; Berridge, Steffan - EconWPA - 1997

Relaxation algorithms provide a powerful method of finding noncooperative equilibria in general synchronous games. Through use of the Nikaido-Isoda function, the Nash solution to a broad category of constrained, multiplayer, non-zerosum games can easily be found. We provide solutions to some...

Persistent link: https://www.econbiz.de/10005561512

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