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,...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2021-05-01
|
| Series: | Games |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2073-4336/12/2/40 |