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to their contribution to the success of a merger. This paper concludes with a brief discussion of the influence of …
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merger may have an incentive to collude instead. We discuss implications for antitrust and merger policy. …
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According to the well-known "merger paradox", in a Cournot market game mergers are generally unprofitable unless most … firms merge. The present paper proposes an optimal merger mechanism. With this mechanism mergers are never unprofitable …
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