Showing 81 - 90 of 485
We explore equilibrium allocation and efficiency when private firms are listed by merging with a Special Purpose Acquisition Company (SPAC), compared with when they are listed through a traditional initial public offering (IPO). We show that a traditional IPO is more informationally efficient...
Persistent link: https://www.econbiz.de/10013323813
Persistent link: https://www.econbiz.de/10012501427
Persistent link: https://www.econbiz.de/10011959321
Persistent link: https://www.econbiz.de/10004095946
Persistent link: https://www.econbiz.de/10005247955
Persistent link: https://www.econbiz.de/10005290727
Persistent link: https://www.econbiz.de/10005290803
The purpose of this paper is to explore a mechanism for supporting desired equilibrium actions in a one-principal, multi-agent model when the principal makes a renegotiation offer. We show that there exists a mechanism in which the principal's most preferred mixed strategy is always supported.
Persistent link: https://www.econbiz.de/10005370595
Persistent link: https://www.econbiz.de/10005377350
Persistent link: https://www.econbiz.de/10005201797