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We study the equilibrium effects of mergers between firms with brand portfolios and brand loyal customers for pricing … acquisition of brand portfolios can be profit enhancing for the merging firms and payoff neutral for the firms not involved in the … merger. This may explain the emergence of brand conglomerates such as Richemont, PPR or LVMH. -- Brand portfolios ; merger …
Persistent link: https://www.econbiz.de/10009409128
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We study the equilibrium effects of mergers between firms with brand portfolios and brand loyal customers for pricing … acquisition of brand portfolios can be profit enhancing for the merging firms and payoff neutral for the firms not involved in the … merger. This may explain the emergence of brand conglomerates such as Richemont, PPR or LVMH …
Persistent link: https://www.econbiz.de/10014189877
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Clustering and lack of sufficient diversification in research strategies has been identified as an important problem for delegated research as it takes place in design contests by Erat and Krishnan (2012). We show that this problem can be solved by local competition (such as bribery, lobbying or...
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This paper studies the role of beliefs about own performance or appearance for compliance at the customs. In an experiment in which underreporting has a higher expected payoff than truthful reporting we find: a large share, about 15-20 percent of the subjects, is more compliant if they have...
Persistent link: https://www.econbiz.de/10013111992
Time is a crucial determinant of deception, since some misreporting opportunities come as a surprise and require an intuitive decision while others allow for extensive reflection time. To be able to pursue a deceptive strategy, however, a subject must be aware of the misreporting opportunity....
Persistent link: https://www.econbiz.de/10011723505