Méndez Naya, José - In: Estudios de economía 34 (2007) 1, pp. 37-52
oligopoly model. Specifically, the merger paradox is qualified by proving that a merger could be profitable for the merging … firms even if it does not include most market firms. Furthermore, it is proved that a merger can only be welfare improving … if the degree of privatization of the public firm is low enough. -- mixed oligopoly ; privatization ; mergers . …