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Mergers in Imperfectly Segmented Markets
Baake, Pio; Wey, Christian - 2009
arbitrage. Furthermore, a merger can lead to an equilibrium in which only the "high-demand" market is served. This is more … likely (i) the lower consumers' transportation costs and (ii) the higher the concentration of the industry. Therefore, merger …
Persistent link: https://www.econbiz.de/10014202214
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Information asymmetry, market segmentation, and cross-listing : implications for event study methodology
Gu, Lulu; Reed, W. Robert - In: Journal of Asian economics 28 (2013), pp. 28-40
Persistent link: https://www.econbiz.de/10010400871
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Cross-Border Mergers and Market Segmentation
Ray Chaudhuri, Amrita - 2011
the results in the existing merger literature on integrated markets). Although the sum of consumer surplus across the …
Persistent link: https://www.econbiz.de/10014191629
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Mergers in imperfectly segmented markets
Baake, Pio; Wey, Christian - 2009
arbitrage. Furthermore, a merger can lead to an equilibrium in which only the "high-demand" market is served. This is more … likely (i) the lower consumers' transportation costs and (ii) the higher the concentration of the industry. Therefore, merger …
Persistent link: https://www.econbiz.de/10003874770
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Disclosure Services and Endogenous Segmentation in Takeover Markets
Kawakami, Kei - 2020
We present a competitive model of takeovers among heterogeneous firms. Each firm owns a tradeable "project" and non-tradeable "skill". The complementarity between them generates takeovers. We construct an equilibrium with two segmented markets. In one market, firms pay a fee to an intermediary...
Persistent link: https://www.econbiz.de/10012834808
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Nested Logit or Random Coefficients Logit? A Comparison of Alternative Discrete Models of Product Differentiation
Grigolon, Laura - 2011
We start from an aggregate random coefficients nested logit (RCNL) model to provide a systematic comparison between the tractable logit and nested logit (NL) models with the computationally more complex random coefficients logit (RC) model. We first use simulated data to assess possible...
Persistent link: https://www.econbiz.de/10013118212
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Nested logit or random coefficients logit? : a comparison of alternative discrete choice models of product differentiation
Grigolon, Laura; Verboven, Frank - 2011
Persistent link: https://www.econbiz.de/10009374654
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Nested logit or random coefficients logit? : a comparison of alternative discrete choice models of product differentiation
Grigolon, Laura; Verboven, Frank - In: The review of economics and statistics 96 (2014) 5, pp. 916-935
Persistent link: https://www.econbiz.de/10010470536
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Evidence of excess comovement in US mergers?
Östberg, Peter; Wenk, Christoph - 2012
This paper considers changes in market comovement of merging US firms. Comparing the expected to the actual post merger … comovement, we find that the post merger beta exhibits excess comovement with the acquiring firm. This suggests that the firm … the excess comovement is greater when the target is included in the S&P 500 as a result of the merger. …
Persistent link: https://www.econbiz.de/10009684281