Product market cooperation, entry and consumer welfare
Chih-Chen Liu,
Arijit Mukherjee and
Leonard F.S. Wang
International Review of Economics & Finance, 2016, vol. 44, issue C, 277-280
Abstract:
It is usually believed that product-market cooperation among the competing firms is detrimental for the consumers. We show that this view may not be true in an endogenously determined market structure. Product-market cooperation may benefit the consumers by inducing entry of new firms. Our result is important for competition policies.
Keywords: Consumer surplus; Cooperation; Entry (search for similar items in EconPapers)
JEL-codes: L13 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:eee:reveco:v:44:y:2016:i:c:p:277-280
DOI: 10.1016/j.iref.2016.02.017
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