On merger profitability in a cournot setting
Revue:
Working papers = Documentos de trabajo: Serie AD
Année de publication: 1997
Número: 3
Type: Working Paper
Résumé
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).