Budzinski, Oliver; Kretschmer, Jürgen-Peter - In: Contemporary economics 10 (2016) 1, pp. 13-26
Standard analysis of mergers in oligopolies along the lines of the popular Farrell-Shapiro Framework (FSF) relies …, regarding its policy conclusions, on the assumption that rational agents will only propose privately profitable mergers. If this …. However, the empirical picture on mergers and acquisitions reveals a significant share of unprofitable mergers, and economic …