also suggest that the sorting effect of incentives in the previous companies impact cooperation and efficiency after the … with managers from companies with different incentives, work habits and recruiting methods. In this paper, we investigate …, which occur in both compensation incentives and team composition. The results of a real effort experiment conducted with …

employ a unique data set of approximately 1,000 mergers to analyze the determinants of bank mergers. We use data on the … regulatory intervention history to distinguish between distressed and non-distressed mergers. We find that, among merging banks …-distressed mergers have worse CAMEL profiles than our control group. In fact, non-distressed mergers may be motivated by the desire to …

horizontal merger activity. We propose a theoretically-backed methodological approach to classify mergers that yields more … information on merger types and merger effects, and that can, moreover, distinguish between mergers characterized largely by … collusion-based synergies and mergers characterized largely by efficiency-based synergies. Crucial to the proposed measurement …

We study mergers in a market where N firms sell a homogeneous good and consumers search sequentially to discover prices …. The main motivation for such an analysis is that mergers generally affect market prices and thereby, in a search … primary effects of a merger. Our main result is that the level of search costs are crucial in determining the incentives of …

This paper studies the incentives to merge in a Bertrand competition model where firms sell differentiatedproducts and … sufficiently large, consumer traffic from the non-merging firms to the merged ones is so small that mergers become unprofitable …

We analyze the effects of mergers in first-price sealed-bid auctions on bidders' equilibrium bidding functions and on … revenue. We also study the incentives of bidders to merge given the private information they have. We develop two models … merger creates incentives for bidders to shade their bids leading to lower revenue. In the second model, the non …

mergers difficult. Mergers that should occur in equilibrium do not, since they require an unequal split of surplus. …

This paper studies the interaction between the incentives for predation and mergers. I show that the incentive for …-riding problem associated with mergers, and second, destructive predation helps firms avoid the bidding competition. It is also shown … that a restrictive merger policy may be counterproductive, since it may increase the incentives for predation by helping …