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 …

Most retrospective merger studies resort to the treatment effect approach, comparing the price dynamics in a treatment … thus that seemingly distant entities may be affected through indirect channels. An illustration based on a merger in the …

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 …

power. Examples include the labor-managed firm, mixed oligopoly, and delegation models. These models typically retain the …

If an additional competitor reduces output per firm in a homogenous Cournot-oligopoly, market entry will be excessive …

oligopoly competition and identify the shape and magnitude of the feedback loop between TV viewers and advertisers. We also …. The counterfactual simulation suggests that the merger of advertising sales houses would not have significantly affected …

advanced abatement technology in a Cournot oligopoly. We examine multistage games where the government may intervene in order …