Borek, Thomas; Bühler, Stefan; Schmutzler, Armin - C.E.P.R. Discussion Papers - 2003
We provide a framework for analysing bilateral mergers when there is two-sided asymmetric information about firms’ types. We introduce the concepts of essentially monotone decreasing (EMD) and increasing (EMI) functions, which generalize the respective mono-tonicity properties. If the profit...