||The Merger Paradox and R&D
MIYAGIWA, KazWAN, Jiangyun(Yunyun)
2015-09-28 , Institute of Innovation Research, Hitotsubashi University
The merger paradox is revisited in the presence of cost-reducing R&D in Cournot oligopoly. Two cases are found, in which merger is profitable without satisfying the 80-percent threshold requirement of Salant et al (1983).