On merger profitability in a cournot setting
Revista:
Working papers = Documentos de trabajo: Serie AD
Ano de publicación: 1997
Número: 3
Tipo: Documento de traballo
Resumo
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).