haku: @indexterm economic efficiency / yhteensä: 231
viite: 10 / 231
| Tekijä: | Spector, D. |
| Otsikko: | Horizontal mergers, entry, and efficiency defences |
| Lehti: | International Journal of Industrial Organization
2003 : DEC, VOL. 21:10, p. 1591-1600 |
| Asiasana: | Mergers Economic efficiency Financial structure |
| Kieli: | eng |
| Tiivistelmä: | In standard models of Cournot competition, it is well-known that if large-scale entry is impossible, then any merger failing to create technological synergies must harm consumers through a higher price level. The author shows that this is true irrespective of entry conditions: any profitable Cournot merger failing to generate synergies must raise price, even if large-scale entry is possible or if the merger allows the avoidance of fixed cost duplication. |
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