Technical Report The Merger Paradox and R&D

MIYAGIWA, Kaz  ,  WAN, Jiangyun(Yunyun)

2015-09-28 , Institute of Innovation Research, Hitotsubashi University
Description
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).
Full-Text

http://hermes-ir.lib.hit-u.ac.jp/rs/bitstream/10086/27488/1/070iirWP15-21.pdf

Number of accesses :  

Other information