highlight that cross-ownership can be preferable to a horizontal merger under Cournot competition. Not only is it more …We examine the profitability of cross-ownership in an oligopolistic industry where firms compete as Cournot rivals. We … profitable beyond that participation ratio. This result may be called a crossownership paradox, analogous to the merger paradox …

compatibility and can engage in bundling. We consider the impact of merger on prices, investment and consumer surplus. We also …

post-merger efficiency improvements to reveal a new margin of adjustment along the product dimension. We analyze horizontal … between differentiated varieties. After a merger, acquirers drop products from their consolidated domestic product portfolio … and reallocate assets towards core varieties. We further demonstrate that such merger-induced efficiency gains imply …

through asset building. The theoretical and empirical results indicate that an increase in the initial level of competition … implies greater export incentive. However, over the life cycle of a firm, the role of competition is impacted by the intensity … of capital accumulation and the initial level of wealth. Greater local competition before the entry of firms in the …

of multi-homing on both sides is mostly ignored in the literature on competition between two-sided platforms. We help … fill this gap by developing a model for platform competition in a differentiated setting (a Hoteling line), which is …