Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/92686
Authors: 
Matsushima, Noriaki
Sato, Yasuhiro
Yamamoto, Kazuhiro
Year of Publication: 
2009
Series/Report no.: 
ISER Discussion Paper, Institute of Social and Economic Research, Osaka University 754
Abstract: 
We investigate the incentive and the welfare implications of a merger when heterogeneous oligopolists compete both in process R&D and on the product market. We examine how a merger affects the output, investment, and profits of firms, whether firms have merger incentives, and, if so, whether such mergers are desirable from the viewpoint of social welfare. We also derive equilibrium configurations and explore their welfare properties.
Subjects: 
mergers
oligopoly
R&D
heterogeneity
JEL: 
L41
L13
O32
Document Type: 
Working Paper

Files in This Item:
File
Size
387.45 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.