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학술저널

Firm Size, Synergy and Joint Ventures

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We develop a synergy based theory of joint venture formation. We find that an increase in firm size affects the incentive for joint venture formation. Furthermore, firm size also crucially affects the impact of market size on the incentive for joint venture formation. We also perform some interesting welfare analysis.

Abstract

Ⅰ. Introduction

Ⅱ. The Model

Ⅲ. Welfare Analysis

Ⅳ. Conclusion

References

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