Monaco, Kristen; Heywood, John S.; Rothschild, R. - In: Economic Inquiry 42 (2004) 1, pp. 49-59
The consequences of a demand constraint (low willingness to pay) are examined in a model of merger by spatial price discriminators. The imposition of a demand constraint reduces the extent of inefficiency associated with merger and also eliminates the resolution of the merger paradox obtained in...