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We show how temporary ownership by private equity firms affects industry structure, competition and welfare. Temporary ownership leads to strong investment incentives because equilibrium resale prices are determined by buyers incentives to block rivals from obtaining assets. These incentives...
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WestLB-Fall ab. -- Einen weiteren Branchenschwerpunkt bildet die Pharmaindustrie. Theo Sproll (Novartis Deutschland) und … Thomas Werner (GlaxoSmithKline Deutschland) berichten über die Fusionserfahrungen ihrer Unternehmen. -- Als Instrumente der …
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