Mergers in stackelberg markets with efficiency gains

Mariana Cunha, Hélder Vasconcelos

Resultado de pesquisarevisão de pares

11 Citações (Scopus)

Resumo

This paper analyzes the profitability of mergers and their induced welfare effects in a setting where: (i) firms compete`a la Stackelberg; and (ii) mergers may give rise to efficiency gains. The results contrast with the ones obtained by previous literature where merger’s induced efficiency gains are assumed away. In particular, we find that under certain conditions regarding the cost benefits resulting from mergers, the so called “free-riding problem” is eliminated and mergers are not only profitable but also welfare enhancing, even with linear costs.
Idioma originalEnglish
Páginas (de-até)105-134
Número de páginas30
RevistaJournal of Industry, Competition and Trade
Volume15
Número de emissão2
DOIs
Estado da publicaçãoPublicado - 1 jun 2015
Publicado externamenteSim

Impressão digital

Mergulhe nos tópicos de investigação de “Mergers in stackelberg markets with efficiency gains“. Em conjunto formam uma impressão digital única.

Citação