Fascinating as the corporate takeovers of recent years have been--with their "golden parachutes" and junk bonds, "greenmailers" and white knights--it is far from clear what underlying forces are at work, and what their long-term consequences will be. Debate over these questions has become...

ContributorsSponsorsIntroduction1. Hostile Takeovers and Junk Bond Financing: A Panel DiscussionCAPITAL MARKETS, EFFICIENCY, AND CORPORATE CONTROL 2. Corporate Control, Efficient Markets, and the Public Good, Martin Shubik3. Fashions, Fads, and Bubbles in Financial Markets, Robert J. Shiller4....