haku: @author Baik, K. / yhteensä: 2
viite: 1 / 2
« edellinen | seuraava »
| Tekijä: | Baik, K. |
| Otsikko: | Horizontal mergers of price-setting firms with sunk capacity costs |
| Lehti: | Quarterly Journal of Economics
1995 : FALL, VOL. 35:3, p. 245-256 |
| Asiasana: | PRICES FISCAL POLICY MERGERS |
| Kieli: | eng |
| Tiivistelmä: | The author examines the profitability of a horizontal merger and its effects on the outsiders' profits and industry prices, in a market for a homogeneous product where firms with sunk capacity costs engage in price competition. The author shows that, unlike previous studies, a merger can hurt the outsiders , the postmerger prices can be lower than the premerger prices, and a merger can reduce the joint profits of the participating firms even in a static model of price competition. |
« edellinen | seuraava »
SCIMA