Can preemptive bidding in takeover auctions be socially optimal? Yes it can
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- Khoroshilov, Yuri, 2015. "An experimental study of signaling in auctions with a flexible reserve price," The North American Journal of Economics and Finance, Elsevier, vol. 34(C), pages 124-137.
More about this item
KeywordsJump bidding; Toeholds; Takeover auction;
- G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
- D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
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