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This paper explains why consolidation acquisitions occur in waves and it predicts the differing role each firm is … likely to play in the consolidation game. We propose that whether a firm assumes the role of rival consolidator, target, or … consolidation can trigger a consolidating acquisition by a rival in a remote market segment, while some firms prefer to be a target …
Persistent link: https://www.econbiz.de/10011372521
In this paper I determine the importance of adjustment costs in employers' hiring decisions. Temporary work arrangements offer potential ways to avoid adjustment costs. I estimate employers willingness to pay for the characteristics of these work arrangements. I distinguish regular contracts,...
Persistent link: https://www.econbiz.de/10011348353
arising from the existing system of separate accounting. The blueprints for consolidation are simulated with the applied … consolidation. The gains from consolidation can be fully grasped if it is obliged for all firms and accompanied by harmonisation of …
Persistent link: https://www.econbiz.de/10011372975
The Spatial Interaction Model proposed by Alonso as "Theory ofMovements" offers a new specification of spatial origin-destination flow models. Equations for flows between regions, totaloutflow from and total inflow to a region are linked bybalancing factors. The paper presents a consistent...
Persistent link: https://www.econbiz.de/10011303870
Persistent link: https://www.econbiz.de/10001503280
In the economics profession there is a fierce debate whether industrial and innovation policy should be targeted to specific sectors or firms. This paper discusses the welfare effects of such targeted policies from the perspective of strategic game theory of the firm. A theoretical case for...
Persistent link: https://www.econbiz.de/10011377579
As part of the Kyoto Protocol, many countries have committed themselves tosubstantially reduce the emission of greenhouse gases within a politically imposed timeconstraint. Investment subsidies can be an important instrument to stimulate the adoption ofenergy-saving technologies to achieve...
Persistent link: https://www.econbiz.de/10011333267
This paper provides a brief review of the connecting literature in management science, economics and finance, and discusses some research that is related to the three disciplines. Academics could develop theoretical models and subsequent econometric models to estimate the parameters in the...
Persistent link: https://www.econbiz.de/10011479822
This paper tests whether upstream R&D cooperation leads to downstream collusion. We consider an oligopolistic setting where firms enter in research joint ventures (RJVs) to lower production costs or coordinate on collusion in the product market. We show that a sufficient condition for...
Persistent link: https://www.econbiz.de/10011382325
This paper provides a review of some connecting literature in Decision Sciences, Economics, Finance, Business, Computing, and Big Data. We then discuss some research that is related to the six cognate disciplines. Academics could develop theoretical models and subsequent econometric and...
Persistent link: https://www.econbiz.de/10011807780