We study optimal merger policy in a dynamic model in which the presence of scale economies implies that firms can reduce costs through either internal investment in build- ing capital or through mergers. The model, which we solve computationally, allows firms to invest or propose mergers...

We study optimal merger policy in a dynamic model in which the presence of scale economies implies that firms can reduce costs through either internal investment in building capital or through mergers. The model, which we solve computationally, allows firms to invest or propose mergers according...

We study optimal merger policy in a dynamic model in which the presence of scale economies implies that firms can reduce costs through either internal investment in building capital or through mergers. The model, which we solve computationally, allows firms to invest or propose mergers according...

Zentrales Ziel des vorliegenden Forschungsvorhabens ist der Entwurf eines praktikablen, umweltbezogenen Subventionscontrollings. Die Umweltwirksamkeitsanalyse ausgabenpolitischer Instrumente soll in mehreren Dimensionen vorangetrieben werden. Zunächst soll das Vorhaben einen Beitrag in der...