M&A for you and me
An online implementation of the board game Acquire, Get Hostile provides a no-risk outlet for would-be private equity managers (thanks, James, for the hot tip!). It incorporates strategic battles between investors; strategic (geographic) complementarities between firms, uncertainty about the timing/location/control of opportunities to establish new firms, financing constraints, and windfalls for top dogs. Pretty amazing, I’d say, given the game’s tremendous simplicity.
