Gärtner, Dennis L.; Schmutzler, Armin - In: Journal of Economic Theory 144 (2009) 4, pp. 1636-1664
We consider a setting in which two potential merger partners each possess private information pertaining both to the profitability of the merged entity and to stand-alone profits, and we investigate the extent to which this private information makes ex-post regret an unavoidable phenomenon in...