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product market competition, and to extract profits from the competing .rms. Two-part tariffs and sequential contracting are …
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-pay duopolies, but places private-pay teams at a competitive disadvantage in mixed duopolies. Competition is softened by …
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We analyse the effects of investment decisions and firms internal organisation on the efficiency and stability of horizontal mergers. In our framework economies of scale are endogenous and there might be internal conflict within merged firms. We show that often stable mergers do not lead to more...
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Tirole (1984) to characterize the different equilibria. We find that outsourcing generally softens competition in the final …
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