firms are quantity-setters and accumulate capacity over time à la Ramsey. The related Hamilton-Jacobi-Bellman are solved in … under both circumstances. Static profitability of a merger implies dynamic profitability of the same merger. It appears that …

quantity-setters and accumulate capacity over time à la Ramsey. I show that the open-loop solution is subgame perfect. Then, I … analyse the feasibility of horizontal mergers, and compare the result generated by the dynamic setup with the merger incentive …

We propose a simple method for characterising analytically the feedback solution of oligopoly games with capital … generated by open-loop information. Our method accommodates extensions of the stripped down oligopoly model in several …

merger will be effectively realised. Moreover, the paper offers a possible explanation for merger failures. …

horizontal merger of firms where the demand function is nonlinear. We take into consideration the open-loop equilibrium. We show … that in relation to the fact that the demand is nonlinear and prices follow some stickiness an incentive for small merger …

differential game approach and both the open-loop as well as the closed-loop equlibria are considered. We show that the merger …

effects of a merger of a subset of the agents. We study the impact of the merger on the equilibrium production strategies, on … the steady states, and on the profitability of the merger for its members. We show that there exists an interval of the … asset's stock such that any merger is profitable if the stock at the time the merger is formed falls within that interval …

The seminal paper by Salant, Switzer and Reynolds (1983) showed that merger in a standard Cournot framework with linear … demand and linear costs is not profitable unless a large majority of the firms are involved in the merger. However, many … recurring to cost savings of merger. Firms interact with each other, with customers, suppliers, their owners, and with …