Endogenous Merger with Learning

We look at a concentrated market structure to determine the more likely merger when firms are initially asymmetric. A feature of the analysis is that a high cost firm participating in a merger can learn from the low cost participant. The determination of the equilibrium ownership structure (EOS) res...

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Veröffentlicht in:	The B.E. journal of economic analysis & policy 2014-07, Vol.14 (3), p.1169-1184
1. Verfasser:	Erutku, Can
Format:	Artikel
Sprache:	eng
Schlagworte:	Acquisitions & mergers asymmetry endogenous L13 learning Market structure merger Organizational learning Organizational structure Studies Welfare economics
Online-Zugang:	Volltext
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