Corpus ID: 153199547

Why free markets die: An evolutionary perspective

@article{Viegas2014WhyFM,
  title={Why free markets die: An evolutionary perspective},
  author={E. Viegas and S. Cockburn and H. Jensen and G. West},
  journal={arXiv: General Finance},
  year={2014}
}
  • E. Viegas, S. Cockburn, +1 author G. West
  • Published 2014
  • Economics
  • arXiv: General Finance
  • Company mergers and acquisitions are often perceived to act as catalysts for corporate growth in free markets systems: it is conventional wisdom that those activities lead to better and more efficient markets. However, the broad adoption of this perception into corporate strategy is prone to result in a less diverse and more unstable environment, dominated by either very large or very small niche entities. We show here that ancestry, i.e. the cumulative history of mergers, is the key… CONTINUE READING

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