Mergers under endogenous minimum quality standard: a note

We introduce merging strategies and endogenous MQS, borrowed from Ecchia and Lambertini (1997), in Scarpa (1998). MQS induces the low-quality firm to exit the market and leads to a monopoly arising from the bilateral merger of the high-quality firms

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Year of publication:	2010
Authors:	Cesi, Berardino
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 30.2010, 4, p. 3260-3266
Publisher:	AccessEcon
Subject:	Mergers \| Minimum quality standard \| Quality differentiation

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Classification:	L0 - Industrial Organization. General ; L5 - Regulation and Industrial Policy
Source:	RePEc - Research Papers in Economics

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