merger by either reducing or increasing both price and quality. Welfare implications are not clear-cut and mergers might …We study the effects of horizontal mergers when firms compete on quality and price. Two key factors are identified: (i … demand. The merging firms will increase (reduce) both quality and price if the degree of competition is sufficiently stronger …

merger by either reducing or increasing both price and quality. Welfare implications are not clear-cut and mergers might …We study the effects of horizontal mergers when firms compete on quality and price. Two key factors are identified: (i … demand. The merging firms will increase (reduce) both quality and price if the degree of competition is sufficiently stronger …

Using a spatial competition framework with three ex ante identical firms, we study the effects of a horizontal merger … and prices. Overall, a merger leads to higher average prices and quality in the market. The welfare implications of a … merger are not clear-cut. If the demand responsiveness to quality is sufficiently high, some consumers benefit from the …

We study the gains from trade in a model with oligopolistic competition, heterogeneous firms and innovation, and …-relevant feature of market power above and beyond markup dispersion. Trade liberalisation increases foreign competition and reduces the … concentration contributes substantially to the gains from trade, mostly via its stimulating effect on innovation. Sizeable gains …

We study the gains from trade in an economy with oligopolistic competition, firm heterogeneity, and innovation …. Oligopolistic competition together with free entry make markups responsive to firm productivity and trade costs. Lowering trade … incomplete pass-through of trade costs to export markups are strong enough to compensate for the increase in competition on …

We study the gains from trade in a model with oligopolistic competition, heterogeneous firms and innovation, and …-relevant feature of market power above and beyond markup dispersion. Trade liberalisation increases foreign competition and reduces the … concentration contributes substantially to the gains from trade, mostly via its stimulating effect on innovation. Sizeable gains …