We study mergers in a market where N firms sell a homogeneous good and consumers search sequentially to discover prices. The main motivation for such an analysis is that mergers generally affect market prices and thereby, in a search environment, the search behavior of consumers. Endogenous...

This paper studies the incentives to merge in a Bertrand competition model where firms sell differentiatedproducts and consumers search for satisfactory deals. In the pre-merger symmetricequilibrium, the probability that a firm is the next one to be visited by a consumer is equal acrossfirms not...

See also the article <I>Search Costs, Demand-side Economies, and the Incentives to merge under Bertrand Competition</I> in the 'Rand Journal of Economics'(2013). Volume 44, issue 3, pages 391-424.<P> This paper studies the incentives to merge in a Bertrand competitionmodel where firms sell differentiated...</p></i>

This paper studies the incentives to merge in a Bertrand competition model where firms sell differentiated

We study mergers in a market where <I>N</I> firms sell a homogeneous good and consumers search sequentially to discover prices. The main motivation for such an analysis is that mergers generally affect market prices and thereby, in a search environment, the search behavior of consumers. Endogenous...</i>