addition, an increase in interalliance competition decreases investments in the focal alliance but increases investment in the …, it decreases investment in the subsequent competition and also dampens the overall investment across the two stages. In … competition outside the scope of the alliance. …

gains, the merger lowers total investments and consumer surplus.Only if it entails suffcient effciency gains, will it be pro …-competitive. We also show there exist classes of models for which the results obtained with cost-reducing investments are equivalent … to those with quality-enhancing investments. …

with a vocationaltraining- based career, but, there is a large degree of uncertainty. On the positive side, enrollees …

gains, the merger lowers total investments and consumer surplus.Only if it entails suffcient effciency gains, will it be pro …-competitive. We also show there exist classes of models for which the results obtained with cost-reducing investments are equivalent … to those with quality-enhancing investments. …

In this paper we show how an upstream firm can prevent destructive competition among downstream firms producing … firms undertake investments which benefit the industry in aggregate. The model is consistent with observations from the …

Investments in Generating Capacities between a monopolist and two competing firms are compared where the firms invest …