Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/75775
Authors: 
Huck, Steffen
Konrad, Kai A.
Müller, Wieland
Year of Publication: 
2001
Series/Report no.: 
CESifo Working Paper 435
Abstract: 
Merged firms are typically rather complex organizations. Accordingly, merger has a more profound effect on the structure of a market than simply reducing the number of competitors. We show that this may render horizontal mergers profitable and welfare-improving even if costs are linear. The driving force behind these results, which help to reconcile theory with various empirical findings, is the assumption that information about output decisions flows more freely within a merged firm.
Subjects: 
Merger
internal organizational structure
information
timing
market structure
Document Type: 
Working Paper

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