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dc.contributor.authorNeubecker, Leslieen_US
dc.contributor.authorStadler, Manfreden_US
dc.description.abstractThis paper analyzes the recent mergers in the oil industry. Oil is assumed to be a homogeneous good which is produced by a small number of firms with different unit costs. Merger formation is endogenously explained as a result of cooperative decisions. We show that the mergers are amongst very asymmetric firms if initial size differences are moderate. If size differences are large, however, the more efficient firms participate in the mergers, while the least efficient firms are not attractive partners and, therefore, remain independent in the post-merger market.en_US
dc.publisherUniv., Wirtschaftswiss. Fak. Tübingenen_US
dc.relation.ispartofseriesTübinger Diskussionsbeitrag 258en_US
dc.subject.keywordAsymmetric horizontal mergersen_US
dc.subject.keywordCoalition formationen_US
dc.subject.keywordOil industryen_US
dc.titleIn hunt for size: Merger formation in the oil industryen_US
dc.typeWorking Paperen_US
Appears in Collections:Tübinger Diskussionsbeiträge, Universität Tübingen

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