Pardo-Garcia, Cristina; Sempere-Monerris, José Jorge - In: SERIEs : Journal of the Spanish Economic Association 6 (2015) 1, pp. 101-127
good. Focusing only on strategic reasons, vertical mergers arise at equilibrium only when composite goods are very … differentiated or when the number of producers is large while horizontal mergers arise otherwise. When efficiencies are considered … demanding when dealing with horizontal mergers in composite goods industries. …