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Preemptive bidding in takeover auctions with affiliated values

โœ Scribed by Yuri Khoroshilov


Book ID
118495692
Publisher
Elsevier Science
Year
2012
Tongue
English
Weight
390 KB
Volume
52
Category
Article
ISSN
1062-9769

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## Abstract Collusion and heterogeneity across firms may introduce asymmetry in bidding games. A major difficulty in asymmetric auctions is that the Bayesian Nash equilibrium strategies are solutions of an intractable system of differential equations. We propose a simple method for estimating asymm