Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/194255
Authors: 
Méndez Naya, José Antonio
Year of Publication: 
2017
Citation: 
[Journal:] Estudios de Economía [ISSN:] 0718-5286 [Volume:] 44 [Year:] 2017 [Issue:] 2 [Pages:] 173-184
Abstract (Translated): 
Taking as a reference a simple oligopoly model with differentiated products, in which there are three firms, the purpose of this paper is to complement the existing literature on mergers by proving that the traditional merger paradox can be avoided by assuming that, after the merger, the merging firms increase the existing bilateral product differentiation. In this context, it is proved that a merger could be welfare enhancing by increasing both consumers surplus and merging and non merging firms profits.
Subjects: 
Horizontal mergers
product differentiation
welfare
JEL: 
L00
L13
L20
Creative Commons License: 
https://creativecommons.org/licenses/by-nc-sa/4.0/
Document Type: 
Article
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