haku: @journal_id 577 / yhteensä: 643
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| Tekijä: | Tan, G. Yuan, L. |
| Otsikko: | Strategic incentives of divestitures of competing conglomerates |
| Lehti: | International Journal of Industrial Organization
2003 : MAY, VOL. 21:5, p. 673-697 |
| Asiasana: | Divisionalised companies Conglomerate mergers Strategic management |
| Kieli: | eng |
| Tiivistelmä: | The authors show that in equilibrium competing conglomerates with complementary product lines have incentives to divest and that such divestitures increase both the prices of all the products and the profits of the parent firms, but reduce total surplus. They further show that if the firms are able to coordinate their divestiture strategies, monopoly prices and profits can be achieved via a non-cooperative pricing game. |
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