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We study optimal merger policy in a dynamic model in which the presence of scale economies implies that firms can … the period the merger is proposed. We also find that the abil- ity to commit can lead to a significant welfare improvement …
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and time and country coverage, this paper examines patterns in greenfield (GF) versus merger & acquisition (MA) investment …
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Rugby union only went professional in 1995, much later than other major team sports resulting in major changes in league structures. Different arrangements regarding revenue sharing and salary caps between the three main European rugby leagues provides an opportunity to test the impact of such...
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