This paper analyzes the literature concerning models of endogenous mergers. Traditional models of exogenous mergers … analyze mergers as isolated phenomena. However, some empirical facts about M&A don't seem to be explained in this literature … can give more reliable predictions. In order to better understand the literature, we describe it in two points. First, we …

Polytechnique” in Paris. Indeed, french polytechniciens' engineers hope that mathematical economics, and especially empirically … association X-Crise. They explain in particular their rejection of "pure” economics and their defence of an approach which mixes …

models in the literature, we find that, under constant returns to scale in production: (i) indeterminacy always prevails in …