학술저널
Technological Asymmetry, Externality, and Merger: The Case of a Three-Firm Industry
- 서울대학교 경제연구소
- Seoul Journal of Economics
- Seoul Journal of Economics Volume 16 No.1
-
2003.031 - 22 (21 pages)
- 3
커버이미지 없음
We construct a model of three firms oligopoly with homogeneous goods and portray situations where firms fail to merge into monopoly. although such a merger maximizes aggregate profits. The degree of technological asymmetry and the effects of externalities determine the outcome via their effects on the profitability of a bilateral merger. There are situations when an inefficient firm. that cannot survive in a Cournot competition. obtains a positive payoff in the grand coalition. There are also cases when the efficient firm has a disadvantage to bargain.
Abstract
Ⅰ. Introduction
Ⅱ. Model
Ⅲ. The Structure of Merger
Ⅳ. Conclusion
References
(0)
(0)