Horizontal Mergers, Firm Heterogeneity, and R&D Investments

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

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Year of publication:	2009
Authors:	Matsushima, Noriaki
Other Persons:	Sato, Yasuhiro (contributor) ; Yamamoto, Kazuhiro (contributor)
Publisher:	[2009]: [S.l.] : SSRN
Subject:	Fusion \| Merger \| Theorie \| Theory \| Horizontale Integration \| Horizontal integration \| Investition \| Investment \| Produktivität \| Productivity

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Extent:	1 Online-Ressource (32 p)
Series:	ISER Discussion Paper ; No. 754
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments September 9, 2009 erstellt
Other identifiers:	10.2139/ssrn.1471041 [DOI]
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/10013156465