Mergers between asymmetric firms: profitability and welfare

  1. Faulí Oller, Ramon
Revista:
Working papers = Documentos de trabajo: Serie AD

Año de publicación: 1998

Número: 13

Tipo: Documento de Trabajo

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Resumen

Using only information on the degree of concavity of demand and observable structural variables as the market share of firms, a necessary and sufficient condition for a merger to increase welfare is derived. On the profitability side, we obtain that when market size decreases merger profitability increases.

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