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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 merger negotiations. To this end, we consider ex-post incentive compatible …
Persistent link: https://www.econbiz.de/10003387546
of natural resources, we analyse the profitability of wind onshore and offshore and solar PV across Europe to determine … where it is optimal to invest in the future and to understand which factors drive the profitability of the investments. We …
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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 thirty 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 that the latter finding can be ascribed to the refined methods of …
Persistent link: https://www.econbiz.de/10002521615
, we evaluate the 2013 merger between Amer- ican Airlines and US Airways. Our results highlight that spillovers in entry … and post-merger network readjustments play an important role in shaping post-merger outcomes. …
Persistent link: https://www.econbiz.de/10014313556
The determinants of incentive regulation are a key issue in industrial policy. I study an asymmetric information model of incentive rules selection by a political principal endowed with an information-gathering technology whose efficiency increases with the effort exerted by two accountable...
Persistent link: https://www.econbiz.de/10003715383
This study applies financial portfolio theory to determine efficient electricity-generating technology portfolios for the United States and Switzerland, adopting an investor point of view. Expected returns are defined by the rate of decrease of power generation cost (with external costs...
Persistent link: https://www.econbiz.de/10003892462