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We study the stability of cartels in a dynamic oligopoly. We use the differential game model of an oligopoly with sticky prices (Fershtman and Kamien 1987). We show that when firms use closed-loop strategies and the rate of increase of the marginal cost is "small enough", the grand coalition...
Persistent link: https://www.econbiz.de/10008671573
. That includes mergers that are known to be unprofitable in the corresponding static equilibrium framework. …
Persistent link: https://www.econbiz.de/10011186235
. That includes mergers that are known to be unprofitable in the corresponding static equilibrium framework. …
Persistent link: https://www.econbiz.de/10010883528
for a policy aimed at discouraging domestic mergers. This implicitly assumes that the tariff in question is sufficently …
Persistent link: https://www.econbiz.de/10005545576
Canada's Mergers Laws on the Books Since 1889, But in Their 75 Years History, Only Eight Merger Cases Have Been Taken …
Persistent link: https://www.econbiz.de/10005133157
Lorsque des économies d’échelle et de gamme sont simultanément présentes, le regroupement des établissements tend à réduire les coûts. De nombreuses études empiriques ont déjà établi qu’au-delà d’une certaine taille, les coûts des banques tendent à devenir proportionnels. Il...
Persistent link: https://www.econbiz.de/10005467343
for a policy aimed at discouraging domestic mergers. This implicitly assumes that the tariff in question is sufficiently … merger more profitable. Hence, trade liberalization will not necessarily reduce the profitability of domestic mergers. …
Persistent link: https://www.econbiz.de/10005729756