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Die Effizienz der Mitbestimmung auf Betriebs- und Unternehmensebene wird in diesem Beitrag aus einer mikroökonomischer …
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In an industry where regulated firms interact with unregulated suppliers, we investigate the welfare effects of a merger between regulated firms when cost synergies are uncertain before the merger and their realization becomes private information of the merged firm. The optimal merger policy...
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The paper constructs an asymmetric information model to investigate the efficiency and equity cases for government …
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