On merger profitability in a cournot setting

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

Año de publicación: 1997

Número: 3

Tipo: Documento de Trabajo

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Resumen

In a setting where symmetric firms compete a la Cournot and costs are linear, the degree of concavity is identified as the main determinant of merger profitability. This allows to generalize the results in Salant et al (1983) and Cheung (1992).

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