Showing 1 - 9 of 9
We investigate the incentive and the welfare implications of a merger when heterogeneous oligopolists compete both in process R&D and on the product market. We examine how a merger affects the output, investment, and profits of firms, whether firms have merger incentives, and, if so, whether...
Persistent link: https://www.econbiz.de/10010332309
We consider mergers between multi-product firms in a market with monopolistically competitive fringe of single-product firms. Aggregate product variety is determined by product variety choices of multi-product firms and entry/exit decisions of single-product firms. Mergers can generate marginal...
Persistent link: https://www.econbiz.de/10013349605
We investigate the incentive and the welfare implications of a merger when heterogeneous oligopolists compete both in process R&D and on the product market. We examine how a merger affects the output, investment, and profits of firms, whether firms have merger incentives, and, if so, whether...
Persistent link: https://www.econbiz.de/10013156465
auctions adopted by several Japanese local governments. Our theoretical and experimental results suggest that the endogenous …
Persistent link: https://www.econbiz.de/10010332235
Several Japanese local governments started to add endogenous minimum prices to firstprice auctions in their public …
Persistent link: https://www.econbiz.de/10010332267
This paper reports the theoretical and experimental results of auctions for public construction in which firms cut …
Persistent link: https://www.econbiz.de/10010332490
auctions adopted by several Japanese local governments. Our theoretical and experimental results suggest that the endogenous …
Persistent link: https://www.econbiz.de/10013158242
first-price auctions (FPAs) in their public procurements. The EMP is calculated based on its relation to the average of all …
Persistent link: https://www.econbiz.de/10014207223
This paper reports the theoretical and experimental results of auctions for public construction in which firms cut …
Persistent link: https://www.econbiz.de/10014207647