Publications of Mike Burkart

This paper provides an economist's guide to the regulation of public tender offers. It argues that the common interpretation of takeovers as solely...

The combination of post-takeover moral hazard by the bidder and free-riding by the target shareholders leads the former to acquire in a tender offer...

This paper argues that the ownership structure of a firm acts as a commitment device to delegate a certain degree of authority from the shareholders...

Within the context of takeovers this paper shows that in private auctions the optimal individually rational strategy for a bidder with partial...