Innovation and the merger paradox

Kaz Miyagiwa and Yunyun Wan

Economics Letters, 2016, vol. 147, issue C, 5-7

Abstract: The merger paradox in Cournot oligopoly is revisited in the presence of R&D investment. Two cases are presented in which firms merge profitably without satisfying the 80-percent threshold requirement of Salant et al. (1983).

Keywords: Merger paradox; R&D; Innovation; Cournot oligopoly (search for similar items in EconPapers)
JEL-codes: L13 O30 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:147:y:2016:i:c:p:5-7

DOI: 10.1016/j.econlet.2016.08.005

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