Ding, Wei; Fan, Cuihong; Wolfstetter, Elmar G. - In: International Journal of Industrial Organization 31 (2013) 5, pp. 382-391
We consider takeover bidding in a Cournot oligopoly when firms have private information concerning the synergy effect of merging with a takeover target and bidders can influence rivals' beliefs through their bids. We compare cash and profit-share auctions, first- and second-price, supplemented...