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- To Merge Or Not To Merge: That Is The Question

Author

Listed:
  • Ramón Faulí-Oller

    (Universidad de Alicante)

  • Luis Corchón

    (Universidad de Alicante)

Abstract

In this paper we analyze the implementation of socially optimal mergers when the regulator is notinformed about the parameters that determine social and private gains from potential mergers. Wefind that most of the standard tools in dominant strategy implementation, like the revelationprinciple or the Vickrey-Clarke- Groves mechanism can not be applied in our framework. We showthat implementation in dominant strategies of the optimal merger policy without budget balance ispossible under an additional assumption. The same assumption makes possible theimplementation in Nash equilibrium of the optimal merger policy with budget balance.

Suggested Citation

  • Ramón Faulí-Oller & Luis Corchón, 2000. "- To Merge Or Not To Merge: That Is The Question," Working Papers. Serie AD 2000-01, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    • Handle: RePEc:ivi:wpasad:2000-01
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    File URL: http://www.ivie.es/downloads/docs/wpasad/wpasad-2000-01.pdf
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    Cited by:

    1. Corchón, Luis C., 2008. "The theory of implementation : what did we learn?," UC3M Working papers. Economics we081207, Universidad Carlos III de Madrid. Departamento de Economía.
    2. Cosnita, Andreea & Tropeano, Jean-Philippe, 2009. "Negotiating remedies: Revealing the merger efficiency gains," International Journal of Industrial Organization, Elsevier, vol. 27(2), pages 188-196, March.

    More about this item

    Keywords

    Merge; Antitrust; Welfare.;
    All these keywords.

    JEL classification:

    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms

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