Horn, H.; Persson, L. - Institutet för Näringslivsforskning (IFN) - 1999
This paper proposes an approach for prediction the pattern of mergers when different mergers are feasible. It … that in concentrated markets, mergers are conductive to market structures with large industry profits, and thus points to a … conflict between private and social incentives. It is shown how mergers may be undertaken in order to preempt other possible …