Private Value Takeover Auctions with Toeholds: An Experimental Study
This paper presents the results of an experimental study of takeover auctions with toeholds. Consistent with the theory, we find a positive effect of toeholds on bidding. Such an effect, however, is of a lower magnitude and the bidding premium function has an opposite slope than the theory predicts,...
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| Autori principali: | , |
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| Natura: | Artigo |
| Lingua: | Inglês |
| Pubblicazione: |
MDPI AG
2021-05-01
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| Serie: | Games |
| Soggetti: | |
| Accesso online: | https://www.mdpi.com/2073-4336/12/2/40 |
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