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dc.contributor.authorHigl, Michaelen_US
dc.contributor.authorWelzel, Peteren_US
dc.date.accessioned2009-01-29T15:09:00Z-
dc.date.available2009-01-29T15:09:00Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/22792-
dc.description.abstractWe look at an industry of Cournot oligopolists each of which consists of production facilities which enjoy some degree of freedom in deciding their output quantities and that way influence the total output of a firm. This structure can be motivated e.g. the existence of profit centers or by the specifics of a cooperative firm. The extent of coordination inside the firms is captured in a simple way, and market equilibrium is derived for potentially asymmetric firms using the concept of a replacement function. We use this model to address the question of profitability of horizontal mergers and of the welfare consequences of such mergers. Contrary to the standard literature, we find a wide range of potentially profitable mergers without having to refer to cost synergies. This result is driven by the effect of size in terms of the number of production facilities and by the strategic consequences of intra- firm decentralization. A number of seemingly conflicting results from the literature can be considered special cases of our model.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesVolkswirtschaftliche Diskussionsreihe / Institut für Volkswirtschaftslehre der Universität Augsburg 269en_US
dc.subject.jelL13en_US
dc.subject.jelL22en_US
dc.subject.ddc330en_US
dc.subject.keywordmergeren_US
dc.subject.keywordoligopolyen_US
dc.subject.keywordorganizationen_US
dc.subject.keywordvertical coordinationen_US
dc.titleIntra-firm Coordination and Horizontal Mergeren_US
dc.typeWorking Paperen_US
dc.identifier.ppn481665315en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Volkswirtschaftliche Diskussionsreihe, Universität Augsburg

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