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Previous work on exit in declining industries has neglected mergers. We examine a simple model that predicts which declining industries experience horizontal mergers. Mergers are more likely if 1) market concentration is high; 2) the inverse demand curve is steep at high levels of output and...
Persistent link: https://www.econbiz.de/10005150883
This paper presents a model of takeover incentives in an oligopolistic industry, which,in contrast to previous … Bertrand competition if products are substitutes. Moreover, asproducts become closer substitutes, a takeover becomes more … Untersuchungen - sowohl die Gewinnzuwächse der an der Fusion beteiligten Firmen als auch die Gewinnveränderungen der …
Persistent link: https://www.econbiz.de/10005772946
Persistent link: https://www.econbiz.de/10004998594
diffusion across Japanese prefectures from 1982 to 2012, whereby an actual merger between two chains takes place in 2001. Given … performance dynamics evolve before and after the merger. In particular, we demonstrate that the performance dynamics for the … merged entity do not improve following the merger. …
Persistent link: https://www.econbiz.de/10010930540
This article introduces the Forum by explaining the sequence of events related to the jawboning campaign and subsequent reductions in cereal prices. It also introduces the main issues on the vigor of competition and pricing that are analyzed in subsequent papers. Jawboning as a public policy...
Persistent link: https://www.econbiz.de/10010816385
This Paper presents a model of takeover incentives in an oligopolistic industry, which, in contrast to previous … application is to compare takeover incentives in a differentiated Cournot and Bertrand oligopoly model with linear demand and … under Bertrand competition if products are substitutes. Moreover, as products become closer substitutes, a takeover becomes …
Persistent link: https://www.econbiz.de/10005136493
incorporated in Nigeria under the Companies and Allied Matters Act [1990], which have undergone a merger or an acquisition process … the post merger and acquisition corporate entity. The evidence also shows that mergers and acquisitions provided only a …
Persistent link: https://www.econbiz.de/10011205898
This paper deals with the project of a merger between BAE systems and EADS, announced in September 2012 and finally … cancelled one month later. It investigates the rationale of the merger project and the reasons that explain its collapse. Our … first aim is to assess the importance - usually put forward in the literature - of the pre-merger phase in the success or …
Persistent link: https://www.econbiz.de/10010721315
adopt new strategies : merger, simple or mutual links of interoperability. We develop a model of industrial organization to … practice" of postmarkets incites them to accept this type of agreements. On the other hand, a merger between incumbent clearing … houses can occur under some conditions. The merger is beneficial to these last ones as well as to the investors, but it is …
Persistent link: https://www.econbiz.de/10011031511
structural approach to infer acquirers’ gains from merging by interpreting a merger as an auction. Using nonparametric methods …
Persistent link: https://www.econbiz.de/10005656211