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Horizontal mergers with synergies: first-price vs. profit-share auction
Ding, Wei; Fan, Cuihong; Wolfstetter, Elmar G. - 2010
of merging with a takeover target. Two auction rules are considered: standard first-price and profit-share auctions …
Persistent link: https://www.econbiz.de/10010333759
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Ownership and Control in a Competitive Industry
Karle, Heiko; Klein, Tobias J.; Stahl, Konrad O. - 2011
We study a differentiated product market in which an investor initially owns a controlling stake in one of two competing firms and may acquire a non-controlling or a controlling stake in a competitor, either directly using her own assets, or indirectly via the controlled firm. While industry...
Persistent link: https://www.econbiz.de/10010333848
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Prizes and Lemons: Procurement of Innovation under Imperfect Commitment
Ding, Wei; Wolfstetter, Elmar G. - 2009
without entry fees, and optimal scoring auctions with and without minimum score requirement. Our main result is that the …
Persistent link: https://www.econbiz.de/10010333799
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Signal-Jamming in a Sequential Auction
Ding, Wei; Jeitschko, Thomas D.; Wolfstetter, Elmar G. - 2009
In a recurring auction early bids may reveal bidders' types, which in turn affects bidding in later auctions. Bidders … present paper analyzes the equilibrium of a sequence of ?rst-price auctions assuming bidders have stable private values. We …
Persistent link: https://www.econbiz.de/10010334041