If at first you dont succeed: An experimental investigation of the impact of repetition options on corporate takeovers and the provision of public goods

This paper models, and experimentally simulates, the free-rider problem in a takeover when the raider has the option to “resolicit,” that is, to make a new offer after an offer has been rejected. In theory, the option to resolicit, by lowering offer credibility, increases the dissipative losses asso...