This article is an empirical exploration of the hypothesis, advanced by Gort (1969), that mergers are the result of disturbed expectations owing to economic and technological shocks. The importance of this theory lies in the fact that it attempts to explain the observed cyclic pattern of merger...

In this article, two of the most recent efforts to forecast the price of gold are discussed and a prediction for the year 2000 is provided. The forecast is based on the hypothesis that in the long run, commodity prices follow a well-defined path, which permits only gradual and slow changes. The...

This paper investigates empirically the effects of mergers within the British manufacturing industry on the trade component of the balance of payments. The effects of different merger rates over time on the trade component of the balance of payments are examined for the period 1880-1969. The...