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dc.contributor.authorBaake, Pioen_US
dc.contributor.authorWey, Christianen_US
dc.date.accessioned2009-09-10en_US
dc.date.accessioned2010-02-04T13:06:10Z-
dc.date.available2010-02-04T13:06:10Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/29759-
dc.description.abstractWe present a model with firms selling (homogeneous) products in two imperfectly segmented markets (a high-demand and a low-demand market). Buyers are mobile but restricted by transportation costs, so that imperfect arbitrage occurs when prices differ in both markets. We show that equilibria are distorted away from Cournot outcomes to prevent consumer arbitrage. Furthermore, a merger can lead to an equilibrium in which only the high-demand market is served. This is more likely (i) the lower consumers' transportation costs and (ii) the higher the concentration of the industry. Therefore, merger incentives are much larger than standard analysis suggests.en_US
dc.language.isoengen_US
dc.publisherDeutsches Institut für Wirtschaftsforschung (DIW) Berlinen_US
dc.relation.ispartofseriesDiscussion papers // German Institute for Economic Research 919en_US
dc.subject.jelD43en_US
dc.subject.jelL13en_US
dc.subject.jelL41en_US
dc.subject.ddc330en_US
dc.subject.keywordImperfect market segmentationen_US
dc.subject.keywordoligopolyen_US
dc.subject.keywordprice discriminationen_US
dc.subject.keywordconsumer arbitrageen_US
dc.subject.keywordmergersen_US
dc.subject.stwÜbernahmeen_US
dc.subject.stwFusionen_US
dc.subject.stwÖkonomischer Anreizen_US
dc.subject.stwOligopolen_US
dc.subject.stwUnvollkommener Markten_US
dc.subject.stwMarktsegmentierungen_US
dc.subject.stwPreisdifferenzierungen_US
dc.subject.stwWechselkostenen_US
dc.subject.stwTransportkostenen_US
dc.subject.stwTheorieen_US
dc.titleMergers in imperfectly segmented marketsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn608486175en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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