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This paper proposes an approach for prediction the pattern of mergers when different mergers are feasible. It generalizes the traditional IO approach, employing ideas on coalition-formation from cooperative gave theory. The model suggests that in concentrated markets, mergers are conductive to...
Persistent link: https://www.econbiz.de/10005670123
This paper develops a new analystical approach to the old question whether market conditions may influence the internal efficiency of firms. The basic textbook model of the firm is slightly extended to incorporate managers' incentives to reduce production costs in an imperfectly competitive...
Persistent link: https://www.econbiz.de/10005486493
predation in an oligopoly is limited by the subsequent competition for the prey. This bidding competition is especially fierce …-riding problem associated with mergers, and second, destructive predation helps firms avoid the bidding competition. It is also shown … predators avoid the bidding competition. Moreover, the incentive for predation under the US failing firm defense might be even …
Persistent link: https://www.econbiz.de/10005639303
Mergers and acquisitions (M&A) is the dominant form of Foreign Direct Investment (FDI), but has received but scarce attention in the theory literature on trade and investment. This paper highlights how the international pattern of ownership of productive assets may depend on features of trade...
Persistent link: https://www.econbiz.de/10005639315
No abstract.
Persistent link: https://www.econbiz.de/10010684524
This paper develops a new analytical approach to the old question whether market conditions may influence the internal efficiency of firms. The basic textbook model of the firm is slightly extended to incorporate managers' incentives to reduce production costs in an imperfectly competitive...
Persistent link: https://www.econbiz.de/10010600194
No abstract.
Persistent link: https://www.econbiz.de/10010818336
information and competence of households, in combination with stiffer competition among firms, will also increase the power of …
Persistent link: https://www.econbiz.de/10005082491
No abstract.
Persistent link: https://www.econbiz.de/10010611584
No abstract.
Persistent link: https://www.econbiz.de/10010611597