Le Pape, Nicolas; Zhao, Kai - In: Economics - The Open-Access, Open-Assessment E-Journal 8 (2014), pp. 1-31
This paper analyses the profitability of horizontal mergers in a Stackelberg model and their impact on welfare when there is uncertainty about the marginal costs of the newly merged firms. The authors consider that the merging firms decide their production strategy knowing the actual value of...
