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Stabilising Merger Waves: An Agent-Based Networked Model of Market Stability

Stabilising Merger Waves: An Agent-Based Networked Model of Market Stability
Stabilising Merger Waves: An Agent-Based Networked Model of Market Stability
The world's markets are increasingly interconnected, imposing additional challenges for both regulators and market participants. This paper considers the effect of inter-market dependencies on the spread of endogenously generated merger waves. Though merger activity can generate efficiency gains, it disrupts market competition and can lead to negative effects for consumers. The conditions under which disruptive merger activity can spread to otherwise stable markets are identified. It is also shown which inter-market dependency configurations are more likely to lead to situations in which the stability of some markets can be disrupted by merger activity in others.
Zedan, Camillia
eb32da6f-af4d-46e2-aa36-beec120044da
Bullock, Seth
2ad576e4-56b8-4f31-84e0-51bd0b7a1cd3
Ianni, Antonella
35024f65-34cd-4e20-9b2a-554600d739f3
Zedan, Camillia
eb32da6f-af4d-46e2-aa36-beec120044da
Bullock, Seth
2ad576e4-56b8-4f31-84e0-51bd0b7a1cd3
Ianni, Antonella
35024f65-34cd-4e20-9b2a-554600d739f3

Zedan, Camillia, Bullock, Seth and Ianni, Antonella (2013) Stabilising Merger Waves: An Agent-Based Networked Model of Market Stability. 19th International Conference on Computing in Economics and Finance (CEF 2013).

Record type: Conference or Workshop Item (Paper)

Abstract

The world's markets are increasingly interconnected, imposing additional challenges for both regulators and market participants. This paper considers the effect of inter-market dependencies on the spread of endogenously generated merger waves. Though merger activity can generate efficiency gains, it disrupts market competition and can lead to negative effects for consumers. The conditions under which disruptive merger activity can spread to otherwise stable markets are identified. It is also shown which inter-market dependency configurations are more likely to lead to situations in which the stability of some markets can be disrupted by merger activity in others.

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More information

Published date: 12 July 2013
Venue - Dates: 19th International Conference on Computing in Economics and Finance (CEF 2013), 2013-07-11
Organisations: Agents, Interactions & Complexity

Identifiers

Local EPrints ID: 353557
URI: http://eprints.soton.ac.uk/id/eprint/353557
PURE UUID: 4a932f11-d772-4093-9318-85a73d5737fa
ORCID for Antonella Ianni: ORCID iD orcid.org/0000-0002-5003-4482

Catalogue record

Date deposited: 10 Jun 2013 12:38
Last modified: 08 Apr 2020 00:26

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Contributors

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

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