Efficient Horizontal Mergers

Satya R. Chakravarty ()

DELTA Working Papers from DELTA (Ecole normale supérieure)

Abstract: This paper considers the Debreu [6] - Farell [10] - Färe [7] measure of efficiency of merger to compare economic efficiencies of alternative merged entities in a homogenous good industry. The comparability results rely on concentration curve dominance relation and identify the class of cost functions for which efficiency ranking the entities becomes unambiguous. The results have been developed under alternative assumptions about the total output and number of firms of the merging subgroups.

Keywords: MERGERS; MARKETS STRUCTURES (search for similar items in EconPapers)
JEL-codes: D40 L11 L22 L41 (search for similar items in EconPapers)
Date: 1998
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Published in Journal of Economic Theory, vol.82, 1998

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Persistent link: http://EconPapers.repec.org/RePEc:del:abcdef:98-18

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