Vertical vs. Horizontal Integration: Pre-emptive Merging.
- Journal: Journal of Industrial Economics,volume 43,issue 3 September,pages323-37
Preemption plays a crucial role in arms merger decisions. The author studies whether and under which circumstances preemptive merging occurs in vertically related industries. He finds that vertical mergers often preempt horizontal mergers and are dominant outcomes. Pree... View more
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