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mergers under oligopoly. We show that, although so far the industrial organization and the cooperative game … the basic problem of the stability of the whole industry association of firms under oligopoly and, for this purpose, we …
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. The R&D investments that precede the production process are aimed at the reduction of the unit manufacturing costs, and …
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This paper develops a model of successive oligopolies with endogenous market entry, allowing for varying degrees of product differentiation and entry costs in both markets. Our analysis shows that the downstream conditions dominate the overall profitability of the two-tier structure while the...
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