MERGERS OF PRODUCERS OF COMPLEMENTS: HOW AUTONOMOUS MARKETS CHANGE THE PRICE EFFECTS*
Duarte Brito and
Margarida Catalão‐lopes
Authors registered in the RePEc Author Service: Margarida Catalão-Lopes
Manchester School, 2010, vol. 78, issue 1, 60-75
Abstract:
We analyze the price effects of mergers to monopoly between producers of complementary goods when there exists a fraction of consumers that value only one of the components. We show that customers are more likely to face a price decrease for the composite good under this setting than when such consumers do not exist.
Date: 2010
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https://doi.org/10.1111/j.1467-9957.2009.02128.x
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Persistent link: https://EconPapers.repec.org/RePEc:bla:manchs:v:78:y:2010:i:1:p:60-75
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