Mergers between Asymmetric Firms: Profitability and Welfare

Ramon Faulí‐Oller

Manchester School, 2002, vol. 70, issue 1, 77-87

Abstract: Using only information on the degree of concavity of demand and observable structural variables such as the market shares of firms, a necessary and sufficient condition for a merger to increase welfare is derived. On the profitability side, we obtain that when market size decreases merger profitability increases.

Date: 2002
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