Does the presence of a public firm facilitate merger approvals?

Kiriti Kanjilal, Ana Espinola-Arredondo and Felix Munoz-Garcia

Economics Letters, 2022, vol. 219, issue C

Abstract: We study mergers between two or more private firms operating in mixed oligopolies, where we allow for the merger to produce cost-reduction effects. We identify that the presence of public firms can facilitate the approval of welfare-improving mergers, even when their cost-reducing effect is relatively low.

Keywords: Mergers; Cost-reduction effects; Public firm (search for similar items in EconPapers)
JEL-codes: L13 L32 L44 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:219:y:2022:i:c:s0165176522003160

DOI: 10.1016/j.econlet.2022.110841

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