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Strategic Merger Waves: A Theory of Musical Chairs
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Cited by:
- Ahsan, Faisal Mohammad & Fuad, Mohammad & Sinha, Ashutosh Kumar, 2021. "Seeking strategic assets within cross-border acquisition waves: a study of Indian firms," Journal of International Management, Elsevier, vol. 27(4).
- Ray Chaudhuri, A., 2014.
"Acquisitions by Multinationals and Trade Liberalization,"
Other publications TiSEM
9dbb83b3-8647-4b5f-952b-3, Tilburg University, School of Economics and Management.
- Ray Chaudhuri, A., 2014. "Acquisitions by Multinationals and Trade Liberalization," Discussion Paper 2014-006, Tilburg University, Center for Economic Research.
- Toxvaerd, Flavio, 2008.
"Strategic merger waves: A theory of musical chairs,"
Journal of Economic Theory, Elsevier, vol. 140(1), pages 1-26, May.
- Flavio Toxvaerd, 2004. "Strategic Merger Waves: A Theory of Musical Chairs," Discussion Paper Series dp359, The Federmann Center for the Study of Rationality, the Hebrew University, Jerusalem.
- Toxvaerd, Flavio, 2007. "Strategic Merger Waves: A Theory of Musical Chairs," CEPR Discussion Papers 6159, C.E.P.R. Discussion Papers.
- , L., 2013.
"Fragility of reputation and clustering of risk-taking,"
Theoretical Economics, Econometric Society, vol. 8(3), September.
- Guillermo Ordonez, 2008. "Fragility of Reputation and Clustering in Risk Taking," 2008 Meeting Papers 441, Society for Economic Dynamics.
- Guillermo Ordoñez, 2009. "Fragility of reputation and clustering of risk-taking," Staff Report 431, Federal Reserve Bank of Minneapolis.
- Frankel, David M., 2012.
"Recurrent crises in global games,"
Journal of Mathematical Economics, Elsevier, vol. 48(5), pages 309-321.
- Frankel, David M., 2013. "Recurrent Crises in Global Games," Staff General Research Papers Archive 36072, Iowa State University, Department of Economics.
- Flavio Toxvaerd & Chryssi Giannitsarou, 2004.
"Recursive global games,"
Money Macro and Finance (MMF) Research Group Conference 2003
104, Money Macro and Finance Research Group.
- Toxvaerd, Flavio & Giannitsarou, Chryssi, 2007. "Recursive Global Games," CEPR Discussion Papers 6470, C.E.P.R. Discussion Papers.
- Marc-Andreas Muendler, 2014.
"Export or merge? Proximity vs. concentration in product space,"
Asia-Pacific Journal of Accounting & Economics, Taylor & Francis Journals, vol. 21(1), pages 35-57, March.
- Marc-Andreas Muendler, 2013. "Export or Merge? Proximity vs. Concentration in Product Space," CESifo Working Paper Series 4558, CESifo.
- Marc-Andreas Muendler, 2013. "Export or Merge? Proximity vs. Concentration in Product Space," NBER Working Papers 19751, National Bureau of Economic Research, Inc.
- Muendler, Marc-Andreas, 2014. "Export or Merge? Proximity vs. Concentration in Product Space," CAGE Online Working Paper Series 180, Competitive Advantage in the Global Economy (CAGE).
- Muendler, Marc-Andreas, 2014. "Export or merge? Proximity vs. concentration in product space," University of California at San Diego, Economics Working Paper Series qt72f9m2jv, Department of Economics, UC San Diego.
- David M. Frankel, 2010. "Rent Seeking and Economic Fragility," Levine's Bibliography 661465000000000159, UCLA Department of Economics.
- Cabral, Luis M.B., 2005.
"An equilibrium approach to international merger policy,"
International Journal of Industrial Organization, Elsevier, vol. 23(9-10), pages 739-751, December.
- Luis M. B. Cabral, 2003. "An Equilibrium Approach to International Merger Policy," Working Papers 03-25, New York University, Leonard N. Stern School of Business, Department of Economics.
- Cabral, Luis, 2003. "An Equilibrium Approach to International Merger Policy," CEPR Discussion Papers 3878, C.E.P.R. Discussion Papers.
- Johan Stennek, 2006. "A new perspective on mergers and acquisitions: Evidence explained, policies prescribed," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 7(01), pages 3-8, April.
- Frankel, David M., 2010. "Shocks and Crises in the Long Run," Staff General Research Papers Archive 31687, Iowa State University, Department of Economics.
- Baomin Dong & Frank Wang, 2014. "A pre-emption model of mergers," Journal of Economics, Springer, vol. 113(2), pages 187-204, October.
- Zhiguo He & Wei Xiong, 2012.
"Dynamic Debt Runs,"
The Review of Financial Studies, Society for Financial Studies, vol. 25(6), pages 1799-1843.
- Zhiguo He & Wei Xiong, 2009. "Dynamic Debt Runs," NBER Working Papers 15482, National Bureau of Economic Research, Inc.
- Wei Xiong & Zhiguo He, 2011. "Dynamic Debt Runs," 2011 Meeting Papers 902, Society for Economic Dynamics.
- Matthew Brigida & Jeff Madura & Ariel Viale, 2014. "An information-based model of target stock price runup in the market for corporate control," Quantitative Finance, Taylor & Francis Journals, vol. 14(6), pages 1019-1030, June.
- Gärtner, Dennis L. & Halbheer, Daniel, 2009.
"Are there waves in merger activity after all?,"
International Journal of Industrial Organization, Elsevier, vol. 27(6), pages 708-718, November.
- Dennis Gaertner & Daniel Halbheer, 2004. "Are There Waves in Merger Activity After All?," SOI - Working Papers 0414, Socioeconomic Institute - University of Zurich, revised Feb 2006.
- Dennis L. Gärtner & Daniel Halbheer, 2008. "Are There Waves in Merger Activity After All?," Working Papers 0092, University of Zurich, Institute for Strategy and Business Economics (ISU).
- Toshihiro Matsumura & Daisuke Shimizu, 2010. "Privatization Waves," Manchester School, University of Manchester, vol. 78(6), pages 609-625, December.
- Yao Zhiyong & Zhou Wen, 2015. "Vertical or Horizontal: Endogenous Merger Waves in Vertically Related Industries," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 15(3), pages 1237-1262, July.
- Mathevet, Laurent, 2014.
"Beliefs and rationalizability in games with complementarities,"
Games and Economic Behavior, Elsevier, vol. 85(C), pages 252-271.
- Mathevet, Laurent, 2012. "Beliefs and rationalizability in games with complementarities," MPRA Paper 36032, University Library of Munich, Germany.
- Minjung Park & Robert Town, 2014. "Industry Shock Expectations, Interindustry Linkages, and Merger Waves: Evidence from the Hospital Industry," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 23(3), pages 548-567, September.
- Song, Moon H. & Walkling, Ralph A., 2004. "Anticipation, Acquisitions and the Bidder Return Puzzle," Working Paper Series 2004-15, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
- Flavio Toxvaerd, 2005. "Record Breaking and Temporal Clustering," Discussion Paper Series dp395, The Federmann Center for the Study of Rationality, the Hebrew University, Jerusalem.
- Shaomeng Li & Guy S. Liu & Andros Gregoriou, 2021. "Do more mergers and acquisitions create value for shareholders?," Review of Quantitative Finance and Accounting, Springer, vol. 56(2), pages 755-787, February.
- Takeshi Ebina & Daisuke Shimizu, 2009. "Sequential Mergers With Differing Differentiation Levels," Australian Economic Papers, Wiley Blackwell, vol. 48(3), pages 237-251, September.
- Albert Banal-Estañol & Paul Heidhues & Rainer Nitsche & Jo Seldeslachts, 2006. "Merger Clusters during Economic Booms," CIG Working Papers SP II 2006-17, Wissenschaftszentrum Berlin (WZB), Research Unit: Competition and Innovation (CIG).
- Banal-Estanol, A. & Heidhues, P., 2006. "Merged clusters during economic booms," Working Papers 06/07, Department of Economics, City University London.
- Sven‐Olof Fridolfsson & Johan Stennek, 2010.
"Industry Concentration and Welfare: On the Use of Stock Market Evidence from Horizontal Mergers,"
Economica, London School of Economics and Political Science, vol. 77(308), pages 734-750, October.
- Stennek, Johan & Fridolfsson, Sven-Olof, 2006. "Industry Concentration and Welfare - On the Use of Stock Market Evidence from Horizontal Mergers," CEPR Discussion Papers 5977, C.E.P.R. Discussion Papers.
- Fridolfsson, Sven-Olof & Stennek, Johan, 2006. "Industry Concentration and Welfare - On the Use of Stock Market Evidence from Horizontal Mergers," Working Paper Series 682, Research Institute of Industrial Economics.
- Dirk Hackbarth & Jianjun Miao, "undated".
"The Timing and Returns of Mergers and Acquisitions in Oligopolistic Industries,"
Boston University - Department of Economics - Working Papers Series
wp2008-022, Boston University - Department of Economics.
- Jianjun Miao & Dirk Hackbarth, 2008. "The Timing and Returns of Mergers and Acquisitions in Oligopolistic Industries," 2008 Meeting Papers 12, Society for Economic Dynamics.
- Dimitris Andriosopoulos & Leonidas G. Barbopoulos, 2017. "Relative equity market valuation conditions and acquirers’ gains," Review of Quantitative Finance and Accounting, Springer, vol. 49(3), pages 855-884, October.
- Madura, Jeff & Ngo, Thanh & Viale, Ariel M., 2012. "Why do merger premiums vary across industries and over time?," The Quarterly Review of Economics and Finance, Elsevier, vol. 52(1), pages 49-62.
- Andonova, Veneta & Rodriguez, Yeny & Sanchez, Ivan Dario, 2013. "When waiting is strategic: Evidence from Colombian M&As 1995–2008," Journal of Business Research, Elsevier, vol. 66(10), pages 1736-1742.
- Frankel, David M., 2017. "Efficient ex-ante stabilization of firms," Journal of Economic Theory, Elsevier, vol. 170(C), pages 112-144.
- Gary Gorton & Matthias Kahl & Richard Rosen, 2005. "Eat or Be Eaten: A Theory of Mergers and Merger Waves," NBER Working Papers 11364, National Bureau of Economic Research, Inc.
- Albert Banal‐Estañol & Paul Heidhues & Rainer Nitsche & Jo Seldeslachts, 2010.
"Screening And Merger Activity,"
Journal of Industrial Economics, Wiley Blackwell, vol. 58(4), pages 794-817, December.
- Banal-Estanol, Albert & Heidhues, Paul & Nitsche, Rainer & Seldeslachts, Jo, 2009. "Screening and Merger Activity," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 270, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
- Madura, Jeff & Ngo, Thanh & Viale, Ariel M., 2011. "Convergent synergies in the global market for corporate control," Journal of Banking & Finance, Elsevier, vol. 35(9), pages 2468-2478, September.
- Flaxio Toxvaerd, 2005.
"Mergers, Diversification and Financial Intermediation,"
Money Macro and Finance (MMF) Research Group Conference 2005
43, Money Macro and Finance Research Group.
- Toxvaerd, Flavio, 2010. "Mergers, Diversification and Financial Intermediation," CEPR Discussion Papers 8105, C.E.P.R. Discussion Papers.
- Kastrinaki, Zafeira & Stoneman, Paul, 2012. "The drivers of merger waves," Economics Letters, Elsevier, vol. 117(2), pages 493-495.
- Poonam Mehra Singh, 2017. "Competition or Comparative Advantage: What Drives Cross Border Mergers and Acquisitions?," Journal of Quantitative Economics, Springer;The Indian Econometric Society (TIES), vol. 15(3), pages 461-488, September.
- Angeletos, G.-M. & Lian, C., 2016. "Incomplete Information in Macroeconomics," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 1065-1240, Elsevier.
- Dong Beom Choi, 2014.
"Heterogeneity and Stability: Bolster the Strong, Not the Weak,"
The Review of Financial Studies, Society for Financial Studies, vol. 27(6), pages 1830-1867.
- Dong Beom Choi, 2013. "Heterogeneity and stability: bolster the strong, not the weak," Staff Reports 637, Federal Reserve Bank of New York.
- J. Peter Neary, 2007.
"Cross-Border Mergers as Instruments of Comparative Advantage,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 74(4), pages 1229-1257.
- Neary, Peter, 2004. "Cross-Border Mergers as Instruments of Comparative Advantage," CEPR Discussion Papers 4325, C.E.P.R. Discussion Papers.
- Neary, J. Peter, 2004. "Cross-Border Mergers as Instruments of Comparative Advantage," University of Göttingen Working Papers in Economics 34, University of Goettingen, Department of Economics.
- J. Peter Neary, 2004. "Cross-border mergers as instruments of comparative advantage," Working Papers 200404, School of Economics, University College Dublin.
- Lars Calmfors & Giancarlo Corsetti & Seppo Honkapohja & Gilles Saint-Paul & Hans-Werner Sinn & John Kay & Jan-Egbert Sturm & Xavier Vives, 2006. "Chapter 5: Mergers and Competition Policy in Europe," EEAG Report on the European Economy, CESifo, vol. 0, pages 101-116, March.
- Frankel, David M., 2015.
"Insuring Customers of a Unionized Firm Against Loss of Network Benefits,"
Staff General Research Papers Archive
38580, Iowa State University, Department of Economics.
- Frankel, David M., 2015. "Insuring customers of a unionized firm against loss of network benefits," ISU General Staff Papers 201502030800001036, Iowa State University, Department of Economics.
- George-Marios Angeletos & Chen Lian, 2016. "Incomplete Information in Macroeconomics: Accommodating Frictions in Coordination," NBER Working Papers 22297, National Bureau of Economic Research, Inc.
- Laurent Mathevet, 2010.
"A contraction principle for finite global games,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 42(3), pages 539-563, March.
- Mathevet, Laurent, "undated". "A contraction principle for finite global games," Working Papers 1243, California Institute of Technology, Division of the Humanities and Social Sciences.
- Fumagalli, Eileen & Nilssen, Tore, 2008. "Waiting to Merge," Memorandum 13/2008, Oslo University, Department of Economics.
- Brueller, Nir N. & Ellis, Shmuel & Segev, Eli & Carmeli, Abraham, 2015. "Knowing when to acquire: The case of multinational technology firms," International Business Review, Elsevier, vol. 24(1), pages 1-10.
- Amrita Ray Chaudhuri, 2014. "Cross-Border Mergers and Market Segmentation," Journal of Industrial Economics, Wiley Blackwell, vol. 62(2), pages 229-257, June.
- Christopher Gedge & James W. Roberts & Andrew Sweeting, 2014. "A Model of Dynamic Limit Pricing with an Application to the Airline Industry," NBER Working Papers 20293, National Bureau of Economic Research, Inc.
- Cripps, Martin W. & Thomas, Caroline D., 2019.
"Strategic experimentation in queues,"
Theoretical Economics, Econometric Society, vol. 14(2), May.
- Caroline D. Thomas & Martin W. Cripps, "undated". "Strategic Experimentation in Queues," Department of Economics Working Papers 140228, The University of Texas at Austin, Department of Economics, revised Sep 2016.
- Schriber, Svante & Degischer, Daniel, 2020. "Disentangling acquisition experience: A multilevel analysis and future research agenda," Scandinavian Journal of Management, Elsevier, vol. 36(2).
- Steiner, Jakub, 2008.
"Coordination cycles,"
Games and Economic Behavior, Elsevier, vol. 63(1), pages 308-327, May.
- Jakub Steiner, 2005. "Coordination Cycles," CERGE-EI Working Papers wp274, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
- Jakub Steiner, 2006. "Coordination Cycles," Edinburgh School of Economics Discussion Paper Series 162, Edinburgh School of Economics, University of Edinburgh.
- Lars Calmfors & Giancarlo Corsetti & Seppo Honkapohja & John Kay & Gilles Saint-Paul & Hans-Werner Sinn & Jan-Egbert Sturm & Xavier Vives, 2006. "EEAG European Economic Advisory Group at CESifo: Report on the European Economy 2006," EEAG Report on the European Economy, CESifo, vol. 0, pages 1-120, March.
- Pablo Moran, 2017. "Information Revelation in Merger Waves," The Review of Corporate Finance Studies, Society for Financial Studies, vol. 6(2), pages 174-233.
- Elisa Barbieri & Manli Huang & Shenglei Pi & Mattia Tassinari, 2017. "Restructuring the Production of Medicines: An Investigation on the Pharmaceutical Sector in China and the Role of Mergers and Acquisitions," IJERPH, MDPI, vol. 14(10), pages 1-21, October.
- Ray Chaudhuri, A., 2011.
"Cross-Border Mergers and Market Segmentation (Replaces CentER DP 2010-096),"
Discussion Paper
2011-112, Tilburg University, Center for Economic Research.
- Ray Chaudhuri, A., 2011. "Cross-Border Mergers and Market Segmentation (Replaces CentER DP 2010-096)," Other publications TiSEM e0199acd-6db8-4e78-a10c-a, Tilburg University, School of Economics and Management.
- Zhiyong Yao & Wen Zhou, 2011. "Endogenous Merger Waves in Vertically Related Industries," Working Papers 11-34, NET Institute.
- Johan Stennek, 2006. "A new perspective on mergers and acquisitions: Evidence explained, policies prescribed," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 7(1), pages 3-8, April.
- repec:got:cegedp:34 is not listed on IDEAS
- Lien Duong & Izan H. Y. Izan, 2012. "Consequences of Riding Takeover Waves: A ustralian Evidence," International Review of Finance, International Review of Finance Ltd., vol. 12(4), pages 399-434, December.
- Charles van Marrewijk & Gus Garita, 2008. "Countries of a Feather flock together," Tinbergen Institute Discussion Papers 08-067/2, Tinbergen Institute, revised 19 Sep 2008.
- Frankel, David M., 2014. "Optimal Insurance for Small Stakeholders," Staff General Research Papers Archive 37551, Iowa State University, Department of Economics.
- Hou, Rui & Yang, Jianmei & Yao, Canzhong & McKelvey, Bill, 2015. "How does competition structure affect industry merger waves? A network analysis perspective," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 429(C), pages 140-156.