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Merger in contests
Huck, Steffen; Konrad, Kai A.; Müller, Wieland - 2000
Competition in some markets is a contest. This paper studies the merger incentives in such markets. Merger can be … profitable. The profitability depends on the post-merger contest st ructure, the discriminatory power of the contest and on the …
Persistent link: https://www.econbiz.de/10009781515
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Merger profitability and trade policy
Huck, Steffen; Konrad, Kai A. - Abteilung "Marktprozesse und Steuerung", … - 2001
We study the profitability and welfare effects of merger in a strategic trade policy environment. Merger changes the … strategic trade policy equilibrium. We show that merger can be profitable and welfare enhancing here, even though it is not … local firms. We apply the results to the merger between Boeing and McDonnell-Douglas, where subsidies are a constant matter …
Persistent link: https://www.econbiz.de/10009367919
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Merger and collusion in contests
Huck, Steffen; Konrad, Kai A.; Müller, Wieland - Abteilung "Marktprozesse und Steuerung", … - 2001
Competition in some product markets takes the form of a contest. If some firms cooperate in such markets, they must decide how to allocate effort on each of their products and whether to reduce the number of their products in the competition. We show how this decision depends on the convexity...
Persistent link: https://www.econbiz.de/10009367922
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Profitable horizontal mergers without cost advantages: The role of internal organization, information, and market structure
Huck, Steffen; Konrad, Kai A.; Müller, Wieland - Wissenschaftszentrum Berlin für Sozialforschung (WZB) - 2001
Merged firms are typically rather complex organizations. Accordingly, me rger has a more profound effect on the structure of a market than simply reducing the number of competitors. We show that this may render horizontal mergers profitable and welfare – improving even if costs are linear. The...
Persistent link: https://www.econbiz.de/10009370662
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The merger paradox and why aspiration levels let it fail in the laboratory
Huck, Steffen; Konrad, Kai A.; Müller, Wieland; … - Volkswirtschaftliche Fakultät, … - 2007
We study the merger paradox, a relative of Harsanyi's bargaining paradox, in an experiment. We examine bilateral …
Persistent link: https://www.econbiz.de/10011096157
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Merger in contests
Huck, Steffen; Konrad, Kai A.; Müller, Wieland - Sonderforschungsbereich 373, Quantifikation und … - 2000
Competition in some markets is a contest. This paper studies the merger incentives in such markets. Merger can be … profitable. The profitability depends on the post-merger contest structure, the discriminatory power of the contest and on the …
Persistent link: https://www.econbiz.de/10010983725
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Merger profitability and trade policy
Huck, Steffen; Konrad, Kai A. - 2001
We study the profitability and welfare effects of merger in a strategic trade policy environment. Merger changes the … strategic trade policy equilibrium. We show that merger can be profitable and welfare enhancing here, even though it is not … local firms. We apply the results to the merger between Boeing and McDonnell-Douglas, where subsidies are a constant matter …
Persistent link: https://www.econbiz.de/10010306968
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Merger and collusion in contests
Huck, Steffen; Konrad, Kai A.; Müller, Wieland - 2001
Competition in some product markets takes the form of a contest. If some firms cooperate in such markets, they must decide how to allocate effort on each of their products and whether to reduce the number of their products in the competition. We show how this decision depends on the convexity...
Persistent link: https://www.econbiz.de/10010307019
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Profitable horizontal mergers without cost advantages: The role of internal organization, information, and market structure
Huck, Steffen; Konrad, Kai A.; Müller, Wieland - 2001
Merged firms are typically rather complex organizations. Accordingly, me rger has a more profound effect on the structure of a market than simply reducing the number of competitors. We show that this may render horizontal mergers profitable and welfare – improving even if costs are linear. The...
Persistent link: https://www.econbiz.de/10010307515
Cover Image
Merger in contests
Huck, Steffen; Konrad, Kai A.; Müller, Wieland - 2000
Competition in some markets is a contest. This paper studies the merger incentives in such markets. Merger can be … profitable. The profitability depends on the post-merger contest structure, the discriminatory power of the contest and on the …
Persistent link: https://www.econbiz.de/10010310200