A familiar result in the literature on mergers is that the principal beneficiaries from such activity are the firms which are excluded from participation. The possible existence of this ‘merger paradox’ contrasts strongly with the frequently expressed view that merger is anti-competitive. This paper examines the question within the context of a model of spatial competition in which firms choose...

We study the incentives for a “diagonal” merger between two Internet Service Providers, one a wireless retail only ISP in two origination markets, and the second a vertically integrated wired retailer in one market and an upstream provider in the other. The merger’s effects depend on differentiation in access modalities; only with high differentiation does the merger have positive welfare effec...

In October 2008, the Department of Justice approved the Delta/Northwest merger, claiming the potential for substantial cost efficiencies with little or no harmful effects on competition. What makes this merger particularly interesting is that Delta and Northwest are codeshare partners. As such, the merger could have varying effects across different product types (pure online versus codeshare). ...

This paper investigates the effects of analyst recommendations issued after a merger announcement on deal completion. We find the probability of completion increases (decreases) with the favorability of acquirer (target) recommendations. Results from instrumental variables tests support causality running from recommendations to merger outcomes. Additional tests suggest that these relations are ...

A three-dimensional hydrodynamical N-body model for the formation of the Galaxy is presented with special attention to the formation of the bulge component. Since all previous numerical models for the Galaxy formation do not have a proper treatment of the chemical evolution and/or sufficient spatial resolutions, we have constructed a detailed model of the chemical and dynamical evolution of the...

We use semi-analytical modelling of galaxy formation to study the redshift evolution of the galaxy merger fractions and merger rates in ΛCDM and quintessence (QCDM) cosmologies, their dependence on physical parameters as the environment, the merger timescale, the way major mergers are defined, and the minimum mass of objects taken into account. We find that for a given final halo mass the redsh...

We consider the influence of potential quark matter existing at high densities in neutron star interiors on gravitational waves (GW) emitted in a binary neutron star merger event. Two types of equations of state (EoS) at zero temperatures are used, one describing pure nuclear matter, the other nuclear matter with a phase transition to quark matter at very high densities. Binary equilibrium sequ...

2015 2 Acknowledgements I am grateful for the continuous support and guidance of my advisor, Jimmy Roberts. I would also like to thank Professors Michelle Connolly and Tracy Falba for their helpful feedback and revisions as my honors seminar instructors. Finally, I would like to acknowledge my classmates in my honors seminar for their valuable comments during class presentations. Abstract In an...

This research investigates the role that four organizational and six information system factors, managed by leadership teams, play in predicting the success of post-merger information systems (IS) integration between two companies. Data were gathered using a self-administered, mail and online survey instrument from senior IS executives at firms that have experienced a U.S. public merger greater...