This paper investigates the impact of product differentiation and of cost asymmetry on the
merger paradox using a Cournot framework. It finds that when all firms share the same costs …

Due to the extensive work on why mergers take place our understanding of merger
incentives has improved. However, there are not many studies examining how differences in …

This paper studies the possibility of different types of mergers when firms produce vertically
and horizontally differentiated products. Two firms produce a better quality product, while the …

In this paper we review a number of coalitional solution concepts for the analysis of cartel
and merger stability in oligopoly. We show that, although so far the industrial organization …

This paper studies the possibility of a merger when firms are asymmetric in marginal costs
and produce vertically and horizontally differentiated products. The merger of two firms that …

The paper presents a simple model of oligopoly, in which three firms produce differentiated
goods. The degree of product substitutability is not uniform across goods. Merger profitability …

By assuming asymmetric product differentiation, we consider the “merger paradox” in price
competition (or the incentive to collude in prices). We investigate whether the emergence of …

This paper examines the profitability of alliances and mergers as strategic substitutes for
entrepreneurial firms to obtain a cost-cutting advantage. In a Cournot oligopoly with linear …

We examine optimal merger and privatisation policies in a partially privatised oligopoly with
differentiated goods. We first show that under the subgame perfect Nash equilibrium …

This paper studies the types of sequential mergers that emerge and how they emerge when
goods produced by firms in an industry are differentiated. In particular, we employ the most …