Connor, John M.; Geithman, Frederick E. - In: Agribusiness 4 (1988) 4, pp. 331-346
From 1978 to 1987 the US food-marketing industries were in the throes of an historic merger wave that greatly eclipsed the previous three merger waves. Neoclassical economics, which assumes profit-maximization is the motive for mergers, and managerial utility are the two competing explanations...