Competition and cascades in markets: an agent-based model of endogenous mergers. Zedan, C., Ianni, A., & Bullock, S. Intelligent Systems in Accounting, Finance and Management, November, 2012.
Competition and cascades in markets: an agent-based model of endogenous mergers [link]Paper  abstract   bibtex   
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.
@article{ eps348276,
  month = {November},
  title = {Competition and cascades in markets: an agent-based model of endogenous mergers},
  author = {Camillia Zedan and Antonella Ianni and Seth Bullock},
  year = {2012},
  journal = {Intelligent Systems in Accounting, Finance and Management},
  url = {http://eprints.soton.ac.uk/348276/},
  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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