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horizontal merger of firms where the demand function is nonlinear. We take into consideration the open-loop equilibrium. We show … that in relation to the fact that the demand is nonlinear and prices follow some stickiness an incentive for small merger …
Persistent link: https://www.econbiz.de/10013128775
We study the incentives towards horizontal merger among firms when the amount of capital is the strategic variable. We … simple oligopoly model, we prove that the horizontal merger, for any merger size, is: (i) privately efficient for insiders as … well as for outsiders; (ii) socially efficient if market size is large enough, even in the case of merger to monopoly …
Persistent link: https://www.econbiz.de/10013047749
We study the incentives towards horizontal merger among firms when the amount of capital is the strategic variable. The … maximisers. Within a simple oligopoly model, we prove that the horizontal merger, for any merger size, is: (i) privately … merger to monopoly. …
Persistent link: https://www.econbiz.de/10011729071
We compare a Bertrand with a Cournot duopoly in a setting where production is polluting and exploits natural resources, and firms bear convex production costs. We adopt Dastidar's (1995) approach, yielding a continuum of Bertrand-Nash equilibria ranging above marginal cost pricing also, to show...
Persistent link: https://www.econbiz.de/10011734236
horizontal merger of firms where the demand function is nonlinear. We take into consideration the open-loop equilibrium. We show … that in relation to the fact that the demand is nonlinear and prices follow some stickiness an incentive for small merger …
Persistent link: https://www.econbiz.de/10011734933
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We investigate the feasibility of horizontal mergers in a homogeneous triopoly where firms compete in quantities and production is polluting the environment. We show that the degree of alignment between private and social incentives increases in the intensity of pollution
Persistent link: https://www.econbiz.de/10013110410