The Merger Paradox and R&D

Kaz Miyagiwa and Jiangyun(Yunyun) Wan

No 15-21, IIR Working Paper from Institute of Innovation Research, Hitotsubashi University

Abstract: The merger paradox is revisited in the presence of cost-reducing R&D in Cournot oligopoly. Two cases are found, in which merger is profitable without satisfying the 80-percent threshold requirement of Salant et al (1983).

Keywords: merger paradox; R&D; Cournot oligopoly (search for similar items in EconPapers)
Pages: 9 pages
Date: 2015-09-28
New Economics Papers: this item is included in nep-com, nep-ino and nep-knm
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Persistent link: https://EconPapers.repec.org/RePEc:hit:iirwps:15-21

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