We study the profitability incentives of merger and the endogenous industry structure in a strategic trade policy …. incentives to give subsidies to their local firms. National merger induces more strategic trade policy, whereas international … environment. Merger changes the strategic trade policy equlilibrium. We show that merger can be profitable and welfare enhancing …

We study the profitability incentives of merger and the endogenous industry structure in a strategic trade policy …. incentives to give subsidies to their local firms. National merger induces more strategic trade policy, whereas international … environment. Merger changes the strategic trade policy equlilibrium. We show that merger can be profitable and welfare enhancing …

Merged firms are typically rather complex organizations. Accordingly, merger 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 driving force behind these results, which help to reconcile theory …

Merged firms are typically rather complex organisations. Accordingly, merger 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 driving force behind these results, which help to reconcile theory …

We study the profitability incentives of mergers and the endogenous industry structure in a strategic trade policy …' incentives to give subsidies to their local firms. A national merger induces more strategic trade policy, whereas an … environment. Mergers change the strategic trade policy equlilibrium. We show here that mergers can be profitable and welfare …

We study the merger paradox, a relative of Harsanyi's bargaining paradox, in an experiment. We examine bilateral … mergers in experimental Cournot markets with initially three or four firms. Standard Cournot-Nash equilibrium predicts total … outputs well. However, merged firms produce significantly more output than their competitors. As a result, mergers are not …

, in line with economic theory, that firms with no market power are able to shift a high share of a tax burden on to …

, in line with economic theory, that firms with no market power are able to shift a high share of a tax burden on to …

, in line with economic theory, that firms with no market power are able to shift a high share of a tax burden on to …

, in line with economic theory, that firms with no market power are able to shift a high share of a tax burden on to …-Märkten. Im Einklang mit der ökonomischen Theorie sind Firmen ohne Marktmacht in der Lage, einen großen Anteil der Last einer …