Add to ORKGWe develop a model of endogenous mergers to study their dynamic process. Firms choose whether, when, and with whom to merge. Two necessary conditions are identi\u85ed for mergers to occur: \u85 rm heterogeneity and negative demand shocks. We show that mergers are strategic complements and therefore tend to occur in waves. Moreover, some mergers occur for strategic reasons in order to precipitate further mergers
One of the most conspicuous features of mergers is that they come in waves that are correlated with ...
One of the most conspicuous features of mergers is that they come in waves, and that these waves are...
Working paper GATE 2010-29This paper analyzes the literature concerning models of endogenous mergers...
We develop a model of endogenous mergers to study their dynamic process. Firms choose whether, when,...
We develop a model of endogenous mergers to study their dynamic process. Firms choose whether, when,...
We develop a model of endogenous mergers to study their dynamic process. Firms choose whether, when,...
Although merger waves are one of the most important market structures shaping forces, they have been...
We present an agent-based model of endogenous merger formation in a market with turnover of market p...
This paper is motivated by a gap in the existing literature on mergers since no attempt has been suc...
We study merger waves in vertically related industries where firms can engage in both vertical and h...
We present an agent-based model of endogenous merger formation in a market with turnover...
One of the most conspicuous features of mergers is that they come in waves, and that these waves are...
This study reexamines whether the occurrence of merger waves can be explained by the neoclassical hy...
In this paper, we present a model of defensive mergers and merger waves. We argue that mergers and m...
We examine firms' strategic incentives to engage in horizontal mergers. In a real options framework,...
One of the most conspicuous features of mergers is that they come in waves that are correlated with ...
One of the most conspicuous features of mergers is that they come in waves, and that these waves are...
Working paper GATE 2010-29This paper analyzes the literature concerning models of endogenous mergers...
We develop a model of endogenous mergers to study their dynamic process. Firms choose whether, when,...
We develop a model of endogenous mergers to study their dynamic process. Firms choose whether, when,...
We develop a model of endogenous mergers to study their dynamic process. Firms choose whether, when,...
Although merger waves are one of the most important market structures shaping forces, they have been...
We present an agent-based model of endogenous merger formation in a market with turnover of market p...
This paper is motivated by a gap in the existing literature on mergers since no attempt has been suc...
We study merger waves in vertically related industries where firms can engage in both vertical and h...
We present an agent-based model of endogenous merger formation in a market with turnover...
One of the most conspicuous features of mergers is that they come in waves, and that these waves are...
This study reexamines whether the occurrence of merger waves can be explained by the neoclassical hy...
In this paper, we present a model of defensive mergers and merger waves. We argue that mergers and m...
We examine firms' strategic incentives to engage in horizontal mergers. In a real options framework,...
One of the most conspicuous features of mergers is that they come in waves that are correlated with ...
One of the most conspicuous features of mergers is that they come in waves, and that these waves are...
Working paper GATE 2010-29This paper analyzes the literature concerning models of endogenous mergers...