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Competition and cascades in markets: an agent-based model of endogenous mergers

Competition and cascades in markets: an agent-based model of endogenous mergers
Competition and cascades in markets: an agent-based model of endogenous mergers
We present an agent-based model of endogenous merger formation in a market with turnover of market participants.
We describe the dynamics of the model and identify the conditions under which market competition is sufficiently
disrupted to prompt extended periods during which mergers are desirable. We also demonstrate how merger waves
can be triggered by industry shocks and firm overconfidence.
1055-615X
Zedan, Camillia
eb32da6f-af4d-46e2-aa36-beec120044da
Ianni, Antonella
35024f65-34cd-4e20-9b2a-554600d739f3
Bullock, Seth
2ad576e4-56b8-4f31-84e0-51bd0b7a1cd3
Zedan, Camillia
eb32da6f-af4d-46e2-aa36-beec120044da
Ianni, Antonella
35024f65-34cd-4e20-9b2a-554600d739f3
Bullock, Seth
2ad576e4-56b8-4f31-84e0-51bd0b7a1cd3

Zedan, Camillia, Ianni, Antonella and Bullock, Seth (2012) Competition and cascades in markets: an agent-based model of endogenous mergers. Intelligent Systems in Accounting, Finance and Management. (doi:10.1002/isaf.1333).

Record type: Article

Abstract

We present an agent-based model of endogenous merger formation in a market with turnover of market participants.
We describe the dynamics of the model and identify the conditions under which market competition is sufficiently
disrupted to prompt extended periods during which mergers are desirable. We also demonstrate how merger waves
can be triggered by industry shocks and firm overconfidence.

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Published date: 20 November 2012
Related URLs:
Organisations: Economics

Identifiers

Local EPrints ID: 348276
URI: http://eprints.soton.ac.uk/id/eprint/348276
DOI: doi:10.1002/isaf.1333
ISSN: 1055-615X
PURE UUID: 654079d5-8580-4e0a-a8c0-73ab4f5c320c
ORCID for Antonella Ianni: ORCID iD orcid.org/0000-0002-5003-4482

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Date deposited: 11 Feb 2013 11:39
Last modified: 15 Mar 2024 02:51

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Contributors

Author: Camillia Zedan
Author: Antonella Ianni ORCID iD
Author: Seth Bullock

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