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where firms only choose prices, and make use of aggregative game theory. We find no support for that claim: absent effciency … gains, the merger lowers total investments and consumer surplus.Only if it entails suffcient effciency gains, will it be pro …
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decisions on competition and welfare. Our analysis shows that the incentives for vertical integration crucially depend on … discuss major industry trends and policy initiatives. -- Vertical Integration ; Horizontal Integration ; Competition ; Trading …
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