A usual assumption in the theory of collusion is that cartels are all-inclusive. In contrast, most real-world collusive …, which firms are part of it. The second aim of the experiment is to study the coordinated effects of a merger when partial … after a merger. Our findings suggest that merger analysis that is based on the assumption that only full cartels forms …

demand and linear costs is not profitable unless a large majority of the firms are involved in the merger. However, many …The seminal paper by Salant, Switzer and Reynolds (1983) showed that merger in a standard Cournot framework with linear … recurring to cost savings of merger. Firms interact with each other, with customers, suppliers, their owners, and with …