Monopolization through acquisitions in a differentiated product industry

This article analyzes the incentive to merge in a context of price competition with horizontal product differentiation. In contrast to the results obtained by Kamien and Zang (1990), we show that merged equilibria can appear in this game. Moreover monopolization of the industry occurs with a high number of firms.

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Year of publication:	2005-06
Authors:	Dargaud, Emilie
Institutions:	HAL
Subject:	cooperative game \| mergers \| oligopoly

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Extent:	application/pdf
Series:	Post-Print.
Type of publication:	Book / Working Paper
Language:	English
Notes:	View the original document on HAL open archive server: http://halshs.archives-ouvertes.fr/halshs-00180041/en/
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008791885