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dc.contributor.authorBaake, Pioen
dc.contributor.authorWey, Christianen
dc.date.accessioned2009-09-10-
dc.date.accessioned2010-02-04T13:06:10Z-
dc.date.available2010-02-04T13:06:10Z-
dc.date.issued2009-
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
dc.language.isoengen
dc.publisher|aDeutsches Institut für Wirtschaftsforschung (DIW) |cBerlinen
dc.relation.ispartofseries|aDIW Discussion Papers |x919en
dc.subject.jelD43en
dc.subject.jelL13en
dc.subject.jelL41en
dc.subject.ddc330en
dc.subject.keywordImperfect market segmentationen
dc.subject.keywordoligopolyen
dc.subject.keywordprice discriminationen
dc.subject.keywordconsumer arbitrageen
dc.subject.keywordmergersen
dc.subject.stwÜbernahmeen
dc.subject.stwFusionen
dc.subject.stwÖkonomischer Anreizen
dc.subject.stwOligopolen
dc.subject.stwUnvollkommener Markten
dc.subject.stwMarktsegmentierungen
dc.subject.stwPreisdifferenzierungen
dc.subject.stwWechselkostenen
dc.subject.stwTransportkostenen
dc.subject.stwTheorieen
dc.titleMergers in imperfectly segmented markets-
dc.type|aWorking Paperen
dc.identifier.ppn608486175en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:diw:diwwpp:dp919en

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