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Merger stability in a three firm game

Author

Listed:
  • Duarte Brito

    (Universidade Nova de Lisboa)

  • João Gata

    (Autoridade da Concorrência and Universidade de Aveiro and UECE/ISEG-UTL)

Abstract

We compare different notions of stability in three firm merger games. We discuss some of their shortcomings and introduce an alternative notion of stability which overcomes them. The paper concludes with an illustrative example.

Suggested Citation

  • Duarte Brito & João Gata, 2006. "Merger stability in a three firm game," Working Papers 10, Portuguese Competition Authority.
  • Handle: RePEc:pca:wpaper:10
    as

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    File URL: http://www.concorrencia.pt/download/WP10_merger_stability_in_a_three_firm_game_(wp).pdf
    File Function: First version, 2006
    Download Restriction: no
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    More about this item

    Keywords

    endogenous mergers; stability; core.;
    All these keywords.

    JEL classification:

    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
    • L41 - Industrial Organization - - Antitrust Issues and Policies - - - Monopolization; Horizontal Anticompetitive Practices

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