mergers reduce the wasteful duplication of R&D expenditures. However, merger policy should become more strict in (very …

. Nevertheless, the optimum could be achieved if antitrust authorities block some strategic mergers, precisely those involving more … locked in a bilateral monopoly, the pattern of downstream mergers is investigated. In such a setting, a downstream merger … are. However, it turns out that most of the market structure equilibria consist of mergers among differentiated producers …

There is a recent tendency toward encouraging universities to merge. This policy is based on the idea that mergers … may reduce competition for both research funds and professors. This paper analyzes whether or not mergers among … potential merger institutions in terms of their reputation the greater the amount of funds needed to make mergers profitable. …

It is well known that the profitability of horizontal mergers with quantity competition is scarce. However, in an … asymmetric Stackelberg market we obtain that some mergers are profitable. Our main result is that mergers among followers become …

In this paper we analyze the effect strategic delegation on the profitability of mergers in the context of a Cournot …

Salant et al. (1983) showed in a Cournot setting that horizontal mergers are unprofitable because outsiders react by … increasing their output. We show that this negative effect may be compensated by the positive effect that horizontal mergers have …