Merger and collusion in contests

Competition in some product markets takes the form of a contest. If some firms cooperate in such markets, they must decide how to allocate effort on each of their products and whether to reduce the number of their products in the competition. We show how this decision depends on the convexity properties of the contest success function, and we characterize conditions under which cooperation is profitable.

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Alternative title:	Kollusion und Fusion in Contests
Year of publication:	2001
Authors:	Huck, Steffen ; Konrad, Kai A. ; Müller, Wieland
Institutions:	Abteilung "Marktprozesse und Steuerung", Wissenschaftszentrum Berlin für Sozialforschung (WZB)
Subject:	Contests \| merger \| collusion \| promotional competition \| Kampf um Marktanteile \| Kollusion \| Fusion

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Extent:	application/pdf
Series:	Discussion Papers, Research Unit: Market Processes and Governance.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number FS IV 01-04
Classification:	D44 - Auctions ; L11 - Production, Pricing, and Market Structure Size; Size Distribution of Firms ; L13 - Oligopoly and Other Imperfect Markets
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009367922