Dai, Yun; Gryglewicz, Sebastian; Smit, Han T.J.; De … - In: Games and Economic Behavior 82 (2013) C, pp. 544-561
When bidders in a corporate takeover have related resources and post-acquisition strategies, their valuations of a target are likely to be interdependent. This paper analyzes sequential-entry takeover contests in which similar bidders have correlated private valuations. The level of similarity...
