Redstone Arsenal, Ala. - The U.S. Army is embarking on a transformative journey to streamline its acquisition system, ensuring Soldiers receive the capabilities they need faster and more efficiently.

We develop a search-based theory of mergers and acquisitions with heterogeneous firms and endogenous search complementarities. We use this model to understand how merger incentives and the firm size ...

The Situation: For the past few years, bank regulators and the Department of Justice (the "DOJ") adopted a deeply skeptical approach to consideration of bank mergers and acquisitions ("M&A"), freezing ...