منابع مشابه
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We study the effect of horizontal mergers in a dynamic model with noisy collusion. At each instant firms either privately choose output levels or merge to create a monopoly. In equilibrium, merging trades off the benefits of avoiding price wars against costs of merging, net of higher profits due to lower competition. There are three results. First, mergers are optimal when collusion fails (i.e....
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ژورنال
عنوان ژورنال: Intereconomics
سال: 1968
ISSN: 0020-5346,1613-964X
DOI: 10.1007/bf02930027