Benchekroun, Hassan; Gaudet, Gérard - 2014
effects of a merger of a subset of the agents. We study the impact of the merger on the equilibrium production strategies, on … the steady states, and on the profitability of the merger for its members. We show that there exists an interval of the … asset's stock such that any merger is profitable if the stock at the time the merger is formed falls within that interval …