Endogenous merger formation in asymmetric markets: a reformulation and welfare analysis

DSpace Repository

Show simple item record

dc.contributor Universität <Tübingen> / Wirtschaftswissenschaftliches Seminar de_DE
dc.contributor.author Neubecker, Leslie de_DE
dc.contributor.author Stadler, Manfred de_DE
dc.date.accessioned 2005-08-10 de_DE
dc.date.accessioned 2014-03-18T10:02:11Z
dc.date.available 2005-08-10 de_DE
dc.date.available 2014-03-18T10:02:11Z
dc.date.issued 2003 de_DE
dc.identifier.other 119478900 de_DE
dc.identifier.uri http://nbn-resolving.de/urn:nbn:de:bsz:21-opus-18741 de_DE
dc.identifier.uri http://hdl.handle.net/10900/47375
dc.description.abstract This paper analyzes endogenous merger formation in oligopolistic markets where firms have different unit production costs. We reformulate the merger model, introduced by Barros (1998), by employing the core as cooperative equilibrium concept. We show that, depending on the size asymmetry in the pre-merger market, this alternative solution concept predicts a different post-merger market structure. For intermediate size differences, it is not the most efficient firm that is generally involved in the merger but the least efficient firm. Additionally, we present a welfare analysis which shows that under a wide range of size asymmetries, endogenous merger formation has a welfare improving net effect. en
dc.language.iso en de_DE
dc.publisher Universität Tübingen de_DE
dc.rights ubt-podno de_DE
dc.rights.uri http://tobias-lib.uni-tuebingen.de/doku/lic_ohne_pod.php?la=de de_DE
dc.rights.uri http://tobias-lib.uni-tuebingen.de/doku/lic_ohne_pod.php?la=en en
dc.subject.classification Fusion de_DE
dc.subject.ddc 330 de_DE
dc.subject.other Asymmetric endogenous mergers , Coalition formation en
dc.title Endogenous merger formation in asymmetric markets: a reformulation and welfare analysis en
dc.type WorkingPaper de_DE
utue.publikation.fachbereich Wirtschaftswissenschaften de_DE
utue.publikation.fakultaet 6 Wirtschafts- und Sozialwissenschaftliche Fakultät de_DE
dcterms.DCMIType Text de_DE
utue.publikation.typ workingPaper de_DE
utue.opus.id 1874 de_DE
utue.opus.portal wiwidisk de_DE
utue.opus.portalzaehlung 257.00000 de_DE
utue.publikation.source Tübinger Diskussionsbeiträge der Wirtschaftswissenschaftlichen Fakultät ; 257 de_DE
utue.publikation.reihenname Tübinger Diskussionsbeitrag de_DE
utue.publikation.zsausgabe 257
utue.publikation.erstkatid 2136475-8

Dateien:

This item appears in the following Collection(s)

Show simple item record