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White knights and the corporate governance of hostile takeovers
Calcagno, Riccardo; Falconieri, Sonia - 2008
Persistent link: https://www.econbiz.de/10003813721
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White knights and the corporate governance of hostile takeovers
Calcagno, Riccardo; Falconieri, Sonia - 2008
We analyze the dynamics of takeover contests where hostile raiders compete against white knights involved by a lead … to set a minimum takeover price. We characterize the conditions under which a white knight wins the takeover contest … white knights as an anti-takeover device and the role played by leading minority blockholders in the market for corporate …
Persistent link: https://www.econbiz.de/10011377390
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Over- and under-bidding in tendering
Berg, Vincent A. C. van den - 2013
Persistent link: https://www.econbiz.de/10010191423
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Buyouts and agglomeration bonuses in wildlife corridor auctions
Dijk, Justin; Ansink, Erik; Soest, Daniël Pieter van - 2017
We present a general model of bidding behavior in wildlife corridor auctions. Given (i) some spatial configuration of landowners in a landscape, (ii) the landowners' opportunity costs, and (iii) the value of establishing the corridor, our model predicts individual landowners' bids, overall...
Persistent link: https://www.econbiz.de/10011636462
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Inverse adverse selection : the market for gems
Dari Mattiacci, Giuseppe; Onderstal, Sander; Parisi, … - 2011
Persistent link: https://www.econbiz.de/10008824717
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Competitive bidding in auctions with private and common values
Goeree, Jacob K.; Offerman, Theo - 2000
The objects for sale in most auctions possess both private and common value elements. This salient feature has not yet been incorporated into a strategic analysis of equilibrium bidding behaviour. This paper reports such an analysis for a stylised model in which bidders receive a private value...
Persistent link: https://www.econbiz.de/10011303293
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Mergers in bidding markets
Janssen, Maarten C. W.; Karamychev, Vladimir A. - 2013
Persistent link: https://www.econbiz.de/10009724097
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Inverse adverse selection : the market for gems
Dari Mattiacci, Giuseppe; Onderstal, Sander; Parisi, … - 2010
This paper studies markets plagued with asymmetric information on the quality of traded goods. In Akerlof's setting, sellers are better informed than buyers. In contrast, we examine cases where buyers are better informed than sellers. This creates an inverse adverse selection problem: The market...
Persistent link: https://www.econbiz.de/10011382752
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Competition modulates buyers' reaction to sellers' cheap talk
Onderstal, Sander; Shalvi, Shaul; Soraperra, Ivan - 2023
Sellers in real-estate markets, on internet platforms, in auction houses, and so forth, routinely pose non-binding price requests. Using a laboratory experiment, we examine how competition moderates the way such cheap-talk communication affects trade between buyers and sellers. For bilateral...
Persistent link: https://www.econbiz.de/10014299618
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Price effects of sovereign debt auctions in the Euro-zone : the role of the crisis
Beetsma, Roel; Giuliodori, Massimo; Jong, Frank de; … - 2013
Persistent link: https://www.econbiz.de/10010191221