A reprint of one of the classic volumes on racetrack efficiency, this book is the only one in its field that deals with the racetrack betting market in-depth, containing all the important historical papers on racetrack efficiency. As evidenced by the collection of articles, the understanding of...

We present a model which examines the impact of taxes and the method of payment on the asset sale decision. An important difference between a takeover and an asset sale is that the seller survives as a corporate entity in the latter transaction. Therefore, the net effect of an asset sale depends...