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. That includes mergers that are known to be unprofitable in the corresponding static equilibrium framework. …
Persistent link: https://www.econbiz.de/10010883528
for a policy aimed at discouraging domestic mergers. This implicitly assumes that the tariff in question is sufficently …
Persistent link: https://www.econbiz.de/10005545576
We study the stability of cartels in a dynamic oligopoly. We use the differential game model of an oligopoly with sticky prices (Fershtman and Kamien 1987). We show that when firms use closed-loop strategies and the rate of increase of the marginal cost is "small enough", the grand coalition...
Persistent link: https://www.econbiz.de/10008671573