Compulsory Disclosure of Private Information Theoretical and Experimental Results for the “Acquiring-a-Company” Game

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dc.contributor.author Güth, Werner de_DE
dc.contributor.author Pull, Kerstin de_DE
dc.contributor.author Stadler, Manfred de_DE
dc.contributor.author Zaby, Alexandra de_DE
dc.date.accessioned 2014-02-06 de_DE
dc.date.accessioned 2014-03-18T10:04:20Z
dc.date.available 2014-02-06 de_DE
dc.date.available 2014-03-18T10:04:20Z
dc.date.issued 2014 de_DE
dc.identifier.other 400533332 de_DE
dc.identifier.uri http://nbn-resolving.de/urn:nbn:de:bsz:21-opus-72257 de_DE
dc.identifier.uri http://hdl.handle.net/10900/48044
dc.description.abstract Based on the “acquiring-a-company” game of Samuelson and Bazerman (1985), we theoretically and experimentally analyze the acquisition of a firm. Thereby we compare cases of symmetrically and asymmetrically informed buyers and sellers. This setting allows us to predict and test the effects of information disclosure as prescribed by two recently implemented directives of the European Union, the Transparency and the Takeover-Bid Directive. Our theoretical and experimental results suggest a welfare-enhancing effect of compulsory information disclosure. Hence, the EU Transparency and the EU Takeover-Bid Directive should both be welfare enhancing. en
dc.language.iso en de_DE
dc.publisher Universität Tübingen de_DE
dc.rights ubt-podno de_DE
dc.rights.uri http://tobias-lib.uni-tuebingen.de/doku/lic_ohne_pod.php?la=de de_DE
dc.rights.uri http://tobias-lib.uni-tuebingen.de/doku/lic_ohne_pod.php?la=en en
dc.subject.classification Unternehmenskauf de_DE
dc.subject.ddc 330 de_DE
dc.subject.other acquisition of firms , disclosure of private information , experimental economics en
dc.title Compulsory Disclosure of Private Information Theoretical and Experimental Results for the “Acquiring-a-Company” Game en
dc.type ResearchPaper de_DE
utue.publikation.fachbereich Wirtschaftswissenschaften de_DE
utue.publikation.fakultaet 6 Wirtschafts- und Sozialwissenschaftliche Fakultät de_DE
dcterms.DCMIType Text de_DE
utue.publikation.typ workingPaper de_DE
utue.opus.id 7225 de_DE
utue.publikation.source University of Tübingen Working Papers in Economics and Finance ; 69 de_DE

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