the study argues that the merger wave in the early 1990s was more a means of internal restructuring rather than an … significance of such mergers and its characteristics. The study suggests that acceleration of the merger movement in the early 1990 … product lines. So it is argued that though the merger movement in the early 1990s might have contributed to an increase in …

possible reconciliation. It is demonstrated that anticompetitive mergers may reduce competitors' share prices, if the merger …

-competitive mergers. These results are derived in an endogenous-merger model, predicting the conditions under which mergers occur, the … time of merger, and the split of surplus. …

incentives for (or against) merger. In an R&D intensive industry where newly developed products can be awarded exclusive patent … merger. On the other hand, the latter two ([3] and [4]) indirectly encourage merger, as the managerial incentives discouraged … incentives toward merger to eliminate competition altogether. …

We set up a sequential merger to study a firm's incentives to pass up on an opportunity to merge with another firm. We … find that such incentives may exist when there are efficiency gains from a merger, firms are of different sizes, there is …