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.
Mergers under endogenous minimum quality standard. A note / Cesi, B. - In: ECONOMICS BULLETIN. - ISSN 1545-2921. - 30:4(2010), pp. 3260-3266.
Mergers under endogenous minimum quality standard. A note
Cesi B
2010
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 firms.File allegati a questo prodotto
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