On merger profitability in a cournot setting
Aldizkaria:
Working papers = Documentos de trabajo: Serie AD
Argitalpen urtea: 1997
Zenbakia: 3
Mota: Laneko dokumentua
Laburpena
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).