and profitability. We find that the "merger paradox" (Salant, Switzer and Reynolds 1983) is absent in these markets. The … merger. This may explain the emergence of brand conglomerates such as Richemont, PPR or LVMH. -- Brand portfolios ; merger …, im Hinblick auf Preisbildung und Rentabilität. Wir können dabei feststellen, dass das "merger paradox" (Salant, Switzer …

and profitability. We find that the "merger paradox" (Salant, Switzer and Reynolds 1983) is absent in these markets. The … merger. This may explain the emergence of brand conglomerates such as Richemont, PPR or LVMH …

and welfare – improving even if costs are linear. The driving force behind these results, which help to reconcile theory … Unternehmen vor der Fusion. Wir zeigen in dieser Arbeit, dass horizontale Fusion von Unternehmen aus diesen Gründen profitabel für … die fusionierenden Unternehmen und wohlfahrtserhöhend wirken kann, selbst dann, wenn es durch die Fusion keinerlei …

and welfare – improving even if costs are linear. The driving force behind these results, which help to reconcile theory … Unternehmen vor der Fusion. Wir zeigen in dieser Arbeit, dass horizontale Fusion von Unternehmen aus diesen Gründen profitabel für … die fusionierenden Unternehmen und wohlfahrtserhöhend wirken kann, selbst dann, wenn es durch die Fusion keinerlei …

Merged firms are typically rather complex organizations. Accordingly, merger has a more profound effect on the … and welfare-improving even if costs are linear. The driving force behind these results, which help to reconcile theory …

The seminal paper by Salant, Switzer and Reynolds (1983) showed that merger in a standard Cournot framework with linear … demand and linear costs is not profitable unless a large majority of the firms are involved in the merger. However, many … recurring to cost savings of merger. Firms interact with each other, with customers, suppliers, their owners, and with …

Merged firms are typically rather complex organisations. Accordingly, merger has a more profound effect on the … and welfare-improving even if costs are linear. The driving force behind these results, which help to reconcile theory …

The seminal paper by Salant, Switzer and Reynolds (1983) showed that merger in a standard Cournot framework with linear … demand and linear costs is not profitable unless a large majority of the firms are involved in the merger. However, many … recurring to cost savings of merger. Firms interact with each other, with customers, suppliers, their owners, and with …

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 …