Mixed Duopoly, Merger and Multiproduct Firms
AbstractThe literature on mergers has extensively analyzed the decision to merge by private firms but it has not considered the decision to merge by private and public firms. We assume that when a private firm and a public firm merge (or when one of them acquires the other), they sets up a multiproduct firm in which the government owns an exogenous percentage stake. In this framework, we show that the decision to merge by firms depends on the degree to which goods are substitutes and on the percentage of the shares owned by the government in the multiproduct firm.
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Bibliographic InfoArticle provided by Springer in its journal Journal of Economics.
Volume (Year): 80 (2003)
Issue (Month): 1 (08)
Contact details of provider:
Web page: http://www.springerlink.com/link.asp?id=108909
mixed duopoly; merger; multiproduct firm; L00; L13; L33;
Other versions of this item:
- L00 - Industrial Organization - - General - - - General
- L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
- L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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