Horizontal mergers, firm heterogeneity, and R&D investments

Arbeitspapier

We investigate the incentive and the welfare implications of a merger when heterogeneous oligopolists compete both in process R&D and on the product market. We examine how a merger affects the output, investment, and profits of firms, whether firms have merger incentives, and, if so, whether such mergers are desirable from the viewpoint of social welfare. We also derive equilibrium configurations and explore their welfare properties.

Objekt anzeigen

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: ISER Discussion Paper ; No. 754

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Monopolization; Horizontal Anticompetitive Practices ; Oligopoly and Other Imperfect Markets ; Management of Technological Innovation and R&D
• Thema: mergers ; oligopoly ; R&D ; heterogeneity

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Matsushima, Noriaki ; Sato, Yasuhiro ; Yamamoto, Kazuhiro
• Ereignis: Veröffentlichung
• (wer): Osaka University, Institute of Social and Economic Research (ISER)
• (wo): Osaka
• (wann): 2009

Weitere Informationen

• Handle: http://hdl.handle.net/10419/92686