Gärtner, Dennis L.; Halbheer, Daniel - In: International Journal of Industrial Organization 27 (2009) 6, pp. 708-718
This paper investigates the merger wave hypothesis for the US and the UK employing a Markov regime-switching model. Using quarterly data covering the last 30Â years, for the US, we identify the beginning of a merger wave in the mid 1990s but not the much-discussed 1980s merger wave. We argue...
