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an n to an n-1 player oligopoly after a merger in the industry. Competitors are identified via the European Commission s … the merger effect. We obtain results consistent with the predictions of standard oligopoly models: non-merging rivals …
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'Until not much more than 20 years ago, economists frequently lamented the fact that they were limited in their empirical analyses to statistical assessments of market behavior, because controlled economic experiments were (thought to be) infeasible, unethical, or both. Much has changed in the...
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