Huck, Steffen; Konrad, Kai A. und Müller, Wieland
(25. April 2000):
Profitable horizontal mergers: A market structureoriented view.
Discussion Papers, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes
Externer Volltext: http://hdl.handle.net/10419/62261
Abstract
We propose a model in which mergers exert a more pronounced effect on the structure of a market than simply reducing the number of competitors. We show that this may render horizontal mergers profitable and welfare-improving even if costs are linear. The results help to reconcile theory with various empirical findings on mergers.
| Dokumententyp: | Paper |
|---|---|
| Keywords: | efficient hedging; quantile hedging; jump-diffusion; martingale measure |
| Fakultät: | Volkswirtschaft > Lehrstühle > MPI für Steuerrecht und Öffentliche Finanzen |
| Themengebiete: | 300 Sozialwissenschaften > 330 Wirtschaft |
| Sprache: | Englisch |
| Dokumenten ID: | 24422 |
| Datum der Veröffentlichung auf Open Access LMU: | 31. Mrz. 2015, 07:33 |
| Letzte Änderungen: | 03. Mrz. 2017, 10:54 |
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