Bos, Iwan; Marini, Marco - In: Games 14 (2023) 1, pp. 1-16
This paper examines a homogeneous-good Bertrand-Edgeworth oligopoly model to explore the role of firm size and number … in pricing. We consider the price impact of merger, break up, investment, divestment, entry and exit. A merger leads to … capacity is within an intermediate range. Investment and entry (weakly) reduce prices, whereas divestment and exit yield …