Budzinski, Oliver; Kretschmer, Jürgen-Peter - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2009
Standard welfare analysis of horizontal mergers usually refers to two effects: the anticompetitive market power effect … horizontal mergers are substantially decreased, if involuntary unemployment exists. However, in full employment economies, demand …
Horizontal Mergers, Involuntary Unemployment, and Welfare
Oliver Budzinski
Jürgen …