We consider a sequential merger game between Cournot firms with homogeneous product and quadratic cost. A large slope of the marginal cost function or a small slope of inverse market demand are both predicted to increase the incentive to merge. The profitability of any merger increases with the...

This paper investigates the relationship between parents¡¯ education and children¡¯s wage using two nationally representative data sets in China. Controlling for other things, both father¡¯s and mother¡¯s education are positively correlated with children¡¯s wage. Nevertheless, returns...