Granier, Laurent - Groupe d'Analyse et de Théorie Économique Lyon … - 2010
This paper analyzes the literature concerning models of endogenous mergers. Traditional models of exogenous mergers … analyze mergers as isolated phenomena. However, some empirical facts about M&A don’t seem to be explained in this literature …. Models of endogenous mergers take into account all interactions created by merger decisions in an industry. By this way, they …