search query: @author Das, S. P. / total: 11
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| Author: | Das, S. P. |
| Title: | Asymmetric information, bargaining, and international mergers |
| Journal: | Journal of Economics & Management Strategy
2001 : WINTER, VOL. 10:4, p. 565-590 |
| Index terms: | Asymmetric information Mergers Bargaining Econometric models |
| Language: | eng |
| Abstract: | The formation of international mergers is examined in the presence of two kinds of asymmetric information, one when a local firm has private information on market size and the other when a foreign firm has private information on its technology. In each situation, parametric configurations are identified under which a merger offer may or may not be made. It also examines the kind of offer and the probability of its acceptance. The likelihood of a merger being formed is also related to the basic market size, demand uncertainty, and cost uncertainty. Welfare effects of tax/subsidy policies by the host country are also analyzed. |
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