Adachi, Takanori; Ebina, Takeshi - In: Journal of Economics 111 (2014) 3, pp. 239-261
We study the price and welfare effects of a merger of firms producing unidirectional complements: a firm is producing a product (called an optional good) that is valuable only if it is consumed with the other product (called a base good) produced by another firm. Under the assumption that there...