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A Robust test for Consumer Welfare Enhancing Mergers Among Sellers of a Homogeneous Product
Luke Froeb G.J. Werden
Working Papers from U.S. Department of Justice - Antitrust Division
Antiturst enforcement agencies and courts use net effect on price as a touchstone for the legality of mergers. This paper derives a simple, and completely general, condition for implementing that standard when industry equilibrium is static Nash in qualities (Cournot).
Keywords: MERGERS (search for similar items in EconPapers)
JEL-codes: K20 K21 (search for similar items in EconPapers)
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Related works: Journal Article: A robust test for consumer welfare enhancing mergers among sellers of a homogeneous product (1998) This item may be available elsewhere in EconPapers: Search for items with the same title.
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Persistent link: http://EconPapers.repec.org/RePEc:fth:usjuat:97-1
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