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Endogenous Mergers and Leadership Acquisition in Cournot Oligopolies

Ferrarese, Walter - 2017

I set up an endogenous merger model in which, whenever fi rms agree to join in a coalition, the new entity acquires the … leadership in a symmetric Cournot oligopoly. I first explore the case of a single merger and show that, despite being such merger … coalition or an n - 1-fi rm coalition. I then allow for multiple coalitions and show that merger waves often occur as a fi rms …

Persistent link: https://www.econbiz.de/10012963274

Unilateral Competitive Effects of Horizontal Mergers

Werden, Gregory J.; Froeb, Luke M. - 2012

This chapter first reviews the economic theory underlying the unilateral competitive effects of mergers, focusing on …

Persistent link: https://www.econbiz.de/10014026811

Passive backward acquisitions and downstream collusion

Shekhar, Shiva; Thomes, Tim Paul - 2020

We investigate the effects of passive backward acquisitions in their efficient upstream supplier on downstream firms' ability to collude in a dynamic game of price competition with homogeneous goods. We find that passive backward acquisitions impede downstream collusion. The main driver of our...

Persistent link: https://www.econbiz.de/10012297609

The impact of takeover anticipation on rival firms

Davis, Frederick; Davis, Svetlana; Sha, Xiaoyang; … - In: Journal of business finance & accounting : JBFA 49 (2022) 7/8, pp. 1264-1288

Persistent link: https://www.econbiz.de/10013348108

Quality Provision in Interrelated Markets

Dewenter, Ralf - 2003

This paper analyses the quality provision of interrelated market firms under different market structures both theoretically and empirically. A theoretical model is built, where a media firm offers newspapers in a primary market and advertising space in the secondary market. Furthermore, the...

Persistent link: https://www.econbiz.de/10014076054

The Utility Competition, Price Competition and Quantity Competition

Chen, Linfeng - 2019

We propose a framework of utility competition (UC), and we provide the intuition why price competition (PC), quantity competition (QC) and UC differ, and prove it by using a nonlinear demand system. If the network externality is positive, then PC is the most efficient with the lowest equilibrium...

Persistent link: https://www.econbiz.de/10012894283

Cournot Platform Competition

Adachi, Takanori - 2020

Firms in traditional markets often compete in output à la Cournot. In this paper, we consider Cournot competition between platforms in a two-sided market. We find that the markup and markdown terms are distorted toward zero for greater levels of platform competition and for greater levels of...

Persistent link: https://www.econbiz.de/10012838808

R&D Collaboration Networks in Mixed Oligopoly

Zikos, Vasileios - 2008

We develop a model of endogenous network formation in order to examine the incentives for R&D collaboration in a mixed oligopoly. Our analysis reveals that the complete network, where each firm collaborates with all others, is uniquely stable, industry-profit maximizing and efficient. This...

Persistent link: https://www.econbiz.de/10014219137

Organizational Form and Excess Burden of Taxation in Multiproduct Mixed Duopoly

Choi, Kangsik - 2021

By introducing the excess burden of taxation, we analyze endogenous choice of organizational form between U-form and M-form in the multiproduct mixed duopoly. With managerial delegation in public and private firms, we find that choosing M-form (U-form) for the public and private firms is a...

Persistent link: https://www.econbiz.de/10013242009

Delegation in Multiproduct Downstream Firms with Heterogeneous Channels

Choi, Kangsik - 2021

Incorporating the extension of exclusive dealing into Cournot competition, we analyze the multiproduct downstream firms' choice of organizational form between U-form and M-form. With managerial delegation in downstream firms, we find that choosing U-form for the downstream firms is a dominant...

Persistent link: https://www.econbiz.de/10013243596