Empirical Study Redux on Choice of Law and Forum in M&A: The Data and its Limits

Article published in the Michigan State Journal of Business and Securities Law

Resampling U-statistics using p-stable laws

It is well known that symmetric statistics based on a kernel with finite second moment have a limit law which can be described by a multiple Wiener-Ito integral. However, if the kernel has less than second moments, no weak limit law holds in general. In the present paper we show that by a suitable change of the empirical process this process has a p-stable multiple integral as its limit