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Mergers between Asymmetric Firms: Profitability and Welfare

Mergers between Asymmetric Firms: Profitability and Welfare Using only information on the degree of concavity of demand and observable structural variables such as the market shares of firms, a necessary and sufficient condition for a merger to increase welfare is derived. On the profitability side, we obtain that when market size decreases merger profitability increases. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Manchester School Wiley

Mergers between Asymmetric Firms: Profitability and Welfare

The Manchester School , Volume 70 (1) – Jan 1, 2002

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References (10)

Publisher
Wiley
Copyright
Copyright © 2002 Wiley Subscription Services
ISSN
1463-6786
eISSN
1467-9957
DOI
10.1111/1467-9957.00284
Publisher site
See Article on Publisher Site

Abstract

Using only information on the degree of concavity of demand and observable structural variables such as the market shares of firms, a necessary and sufficient condition for a merger to increase welfare is derived. On the profitability side, we obtain that when market size decreases merger profitability increases.

Journal

The Manchester SchoolWiley

Published: Jan 1, 2002

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