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 …

We modify the paper of Stahl (1989) on sequential consumer search in an oligopoly context by relaxing the assumption …

This paper presents an empirical examination of oligopoly pricing and consumer search. The theoretical model allows for …

evaluation is also justified in a Cournot-oligopoly with free but costly entry. If input markets are competitive and output per … firm declines with the number of firms (business stealing), there is excessive entry into such oligopoly. If trade unions …

profitable beyond that participation ratio. This result may be called a crossownership paradox, analogous to the merger paradox … highlight that cross-ownership can be preferable to a horizontal merger under Cournot competition. Not only is it more …