The Optimal Strategy of the Initial Bidder in Takeorver Contests : Theory and Empirical Evidence

This paper investigates the optimal bidding strategy for the initial bidder in takeover contests. In the theoretical model, the initial bidder has the choice between making a low or a high preemtive initial bid.(...)

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Year of publication:	2000
Authors:	Cornu, Philippe ; Isakov, Dušan
Institutions:	Université <Genève> / Section des Hautes Etudes Commerciales
Subject:	Takeover \| Strategie \| Auktionstheorie \| auction \| Bayes-Lösung \| Gebot <Auktion>

Table of Contents
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Introduction
Model
Equilibrium
Empirical Analysis
Conclusion
Appendix
References

Persistent link: https://www.econbiz.de/10005843528