Huck, Steffen; Konrad, Kai A.; Mueller, Wieland - 2005
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 … strategic aspects matter for firm competition such as the internal organization of the firm, the time structure of decision …