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Janssen, Maarten C.W.; Moraga-Gonzalez, Jose Luis - Tinbergen Instituut - 2007

We study mergers in a market where N firms sell a homogeneous good and consumers search sequentially to discover prices …. The main motivation for such an analysis is that mergers generally affect market prices and thereby, in a search … firms to merge and the welfare implications of mergers. When search costs are relatively small, mergers turn out not to be …

Persistent link: https://www.econbiz.de/10011255485

Search Costs, Demand-Side Economies and the Incentives to merge under Bertrand Competition

Moraga-Gonzalez, Jose L.; Petrikaite, Vaiva - Tinbergen Instituut - 2012

sufficiently large, consumer traffic from the non-merging firms to the merged ones is so small that mergers become unprofitable …

Persistent link: https://www.econbiz.de/10011255518

The Political Economy of Dominant Investors

Perotti, Enrico C.; Thadden, Ernst-Ludwig von - Tinbergen Instituut - 2004

We allow the preference of a political majority to determine boththe corporate governance structure and the division of profits betweenhuman and financial capital. In a democratic society where financialwealth is concentrated, a political majority may prefer to restraingovernance by dispersed...

Persistent link: https://www.econbiz.de/10011255534

Consumer Search Costs and the Incentives to merge under Bertrand Competition

Moraga-Gonzalez, Jose Luis; Petrikaite, Vaiva - Tinbergen Instituut - 2011

Deneckere and Davidson (1985)hold. However, as search costs increase, the merging firms receive fewercustomers so mergers become …

Persistent link: https://www.econbiz.de/10011255742

Mergers in Bidding Markets

Janssen, Maarten; Karamychev, Vladimir - Tinbergen Instituut - 2013

We analyze the effects of mergers in first-price sealed-bid auctions on bidders' equilibrium bidding functions and on …

Persistent link: https://www.econbiz.de/10011256791

Winning by Losing: Evidence on Overbidding in Mergers

Malmendier, Ulrike; Moretti, Enrico; Peters, Florian - Tinbergen Instituut - 2011

Do shareholders of acquiring companies profit from acquisitions, or do acquiring CEOs overbidand destroy shareholder value? Answering this question is difficult since the hypotheticalcounterfactual is hard to determine. We exploit merger contests to address the identificationissue. In those...

Persistent link: https://www.econbiz.de/10011257222

An Experimental Investigation of Wage Taxation and Unemployment in Closed and Open Economies

Riedl, Arno; Winden, Frans van - Tinbergen Instituut

We investigate experimentally the economic effects of wage taxation to finance unemployment benefits for a closed economy and an international economy. The main findings are the following. (i) There is clear evidence of a vicious circle in the dynamic interaction between the wage tax and...

Persistent link: https://www.econbiz.de/10011255591

The Emergence of Social Structure: Employer Information Networks in an Experimental Labor Market

Gerxhani, Klarita; Brandts, Jordi; Schram, Arthur - Tinbergen Instituut - 2011

use laboratory experiments to investigate how employers develop social structures for sharing information about the …

Persistent link: https://www.econbiz.de/10011255750

Tax Evasion and the Source of Income

Gërxhani, Klarita; Schram, Arthur - Tinbergen Instituut - 2002

, pages 402-422.<P> A series of experiments in Albania and the Netherlands give us the opportunity to compare behavioral …

Persistent link: https://www.econbiz.de/10011255950

The Effect of Noise in a Performance Measure on Work Motivation

Sloof, Randolph; Praag, C. Mirjam van - Tinbergen Instituut - 2008

This paper reports the results of an individual real effort laboratory experiment where subjects are paid for measured performance. Measured performance equals actual performance plus noise. We compare a stable environment where the noise is small with a volatile environment where the noise is...

Persistent link: https://www.econbiz.de/10011255986