2013年
Horizontal Mergers, Firm Heterogeneity, and R&D Investments
B E JOURNAL OF ECONOMIC ANALYSIS & POLICY
- ,
- ,
- 巻
- 13
- 号
- 2
- 開始ページ
- 959
- 終了ページ
- 990
- 記述言語
- 英語
- 掲載種別
- 研究論文(学術雑誌)
- DOI
- 10.1515/bejeap-2012-0058
- 出版者・発行元
- WALTER DE GRUYTER GMBH
We investigate the incentive and welfare implications of a merger when heterogeneous oligopolists compete both in process R&D and on the product market. Weexamine howamerger affects the output, investment, and profits of firms. In addition, we examine whether firms have merger incentives, and, if so, whether such mergers are desirable from the viewpoint of social welfare. If R&D is not expensive and if large cost differences between efficient and inefficient firms exist, a merger between homogeneous firms tends to occur even though it harms welfare.
- リンク情報
- ID情報
-
- DOI : 10.1515/bejeap-2012-0058
- ISSN : 1935-1682
- Web of Science ID : WOS:000340291900016