On merger profitability in a cournot setting
In a setting where symmetric firms compete a la Cournot and costs are linear, the degree of concavity is identified as the main determinant of merger profitability. This allows to generalize the results in Salant et al (1983) and Cheung (1992).
|Date of creation:||Feb 1997|
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|Publication status:||Published by Ivie|
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