We introduce merging strategies and endogenous MQS, borrowed from Ecchia and Lambertini (1997), in Scarpa (1998). MQS induces the low-quality firm to exit the market and leads to a monopoly arising from the bilateral merger of the high-quality firms
Cesi, B. (2010). Mergers under endogenous minimum quality standard: a note. ECONOMICS BULLETIN, 30(4), 3260-3266.
Mergers under endogenous minimum quality standard: a note
CESI, BERARDINO
2010-12-01
Abstract
We introduce merging strategies and endogenous MQS, borrowed from Ecchia and Lambertini (1997), in Scarpa (1998). MQS induces the low-quality firm to exit the market and leads to a monopoly arising from the bilateral merger of the high-quality firmsFile in questo prodotto:
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