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We study the incentives towards horizontal merger among firms when the amount of capital is the strategic variable. The … maximisers. Within a simple oligopoly model, we prove that the horizontal merger, for any merger size, is: (i) privately … merger to monopoly. …
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The importance of economics to the analysis and enforcement of competition policy and law has increased tremendously in the developed market economies in the past forty years. In younger and developing market economies, competition law itself has a history of twenty to twenty-five years at most...
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