The profitability of mergers in symmetric Cournot oligopoly
General conditions that are sufficient for mergers in symmetric Cournot industries to be profitable or unprofitable are found and applied. If inverse demand curvature is weakly higher than the number of firms then all mergers are profitable. The same condition implies that outputs are strategic comp...
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| Format: | Working paper |
| Language: | English |
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University of Oxford
2024
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