Cosnita‐Langlais, Andreea; Rasch, Alexander - In: Bulletin of Economic Research 75 (2022) 1, pp. 65-82
We consider a horizontally differentiated oligopoly and investigate the relationship between merger cost savings and … profitable to be an insider rather than an outsider of the merger, unless both cost savings and network effects are too low …. Mergers can improve customer and total welfare provided both cost savings and network effects are high enough. We find that …