Kesavayuth, Dusanee; Lee, Sang-Ho; Zikos, Vasileios - 2017
innovation incentives. The analysis reveals that a merger tends to discourage innovation, unless the investment cost is …In this paper, we consider a duopoly with product differentiation and examine the interaction between merger and … bilateral merger-to-monopoly is always profitable, a standard result in the literature. When side payments are not permitted …