Horizontal mergers, firm heterogeneity, and R&D investments

Noriaki Matsushima; Yasuhiro Sato; Kazuhiro Yamamoto

We investigate the incentive and the welfare implications of a merger when heterogeneous oligopolists compete both in process R&D and on the product market. We examine how a merger affects the output, investment, and profits of firms, whether firms have merger incentives, and, if so, whether such mergers are desirable from the viewpoint of social welfare. We also derive equilibrium configurations and explore their welfare properties. -- mergers ; oligopoly ; R&D ; heterogeneity

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Year of publication:	2009
Authors:	Matsushima, Noriaki ; Satō, Yasuhiro ; Yamamoto, Kazuhiro
Publisher:	Osaka : Inst. of Social and Economic Research, Osaka Univ.
Subject:	Fusion \| Merger \| Theorie \| Theory \| Horizontale Integration \| Horizontal integration \| Investition \| Investment \| Produktivität \| Productivity

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Extent:	Online-Ressource (31 S., 387,45 Kb) graph. Darst.
Series:	Discussion paper / Institute of Social and Economic Research. - Osaka : [Verlag nicht ermittelbar], ISSN 2435-0982, ZDB-ID 2106942-6. - Vol. 754
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: Acrobat Reader
Other identifiers:	hdl:10419/92686 [Handle]
Classification:	L41 - Monopolization; Horizontal Anticompetitive Practices ; L13 - Oligopoly and Other Imperfect Markets ; O32 - Management of Technological Innovation and R&D
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10003921808