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

Camillia Zedan; Seth Bullock; Antonella Ianni

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

Camillia Zedan, Seth Bullock, Antonella Ianni

Research output: Chapter in Book/Report/Conference proceeding › Conference Contribution (Conference Proceeding)

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.

Original language	Undefined/Unknown
Title of host publication	Nineteenth International Conference on Computing in Economics and Finance (CEF 2013)
Publication status	Published - 2013

Bibliographical note

Event Dates: 8-12 July 2013

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http://seis.bris.ac.uk/~sb15704/pubs_abstracts.html#eps353557

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Cite this

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title = "Stabilising Merger Waves: An Agent-Based Networked Model of Market Stability",

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.",

author = "Camillia Zedan and Seth Bullock and Antonella Ianni",

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AU - Bullock, Seth

AU - Ianni, Antonella

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N2 - 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.

AB - 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.

M3 - Conference Contribution (Conference Proceeding)

BT - Nineteenth International Conference on Computing in Economics and Finance (CEF 2013)

ER -