Monopolization through acquisitions in a differentiated product industry

Emilie Dargaud

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Abstract: This article analyzes the incentive to merge in a context of price competition with horizontal product differentiation. In contrast to the results obtained by Kamien and Zang (1990), we show that merged equilibria can appear in this game. Moreover monopolization of the industry occurs with a high number of firms.

Keywords: cooperative game; mergers; oligopoly; fusions; jeu coopératif; oligopole (search for similar items in EconPapers)
Date: 2005-06
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00180041v1
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Published in 2005

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Working Paper: Monopolization through acquisitions in a differentiated product industry (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00180041

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