scope of profit enhancement. In a unionised oligopoly with centralised wage setting and decreasing returns to scale …

The seminal paper by Salant, Switzer and Reynolds (1983) showed that merger in a standard Cournot framework with linear … demand and linear costs is not profitable unless a large majority of the firms are involved in the merger. However, many … recurring to cost savings of merger. Firms interact with each other, with customers, suppliers, their owners, and with …

A usual assumption in the theory of collusion is that cartels are all-inclusive. In contrast, most real-world collusive …, which firms are part of it. The second aim of the experiment is to study the coordinated effects of a merger when partial … after a merger. Our findings suggest that merger analysis that is based on the assumption that only full cartels forms …

This article assesses the effectiveness of outlet divestitures as remedies in a merger between two large gasoline … retailers. Results show that divestitures are effective in disciplining the increase in margins generated by the merger, but … stations impacted by the merger. Interestingly, this density indicator is a good predictor of both the anticompetitive effect …

stochastically alternating-move game of dynamic oligopoly, and estimate it using data from the hard disk drive industry, in which a …