Utilize este identificador para referenciar este registo:
https://hdl.handle.net/1822/27959
Título: | Horizontal mergers and product quality |
Autor(es): | Brekke, Kurt R. Siciliani, Luigi Straume, Odd Rune |
Palavras-chave: | Horizontal mergers Quality Spatial competition |
Data: | 2014 |
Editora: | Universidade do Minho. Núcleo de Investigação em Políticas Económicas (NIPE) |
Resumo(s): | Using a spatial competition framework with three ex ante identical firms, we study the effects of a horizontal merger on quality, price and welfare. The merging firms always reduce quality. They also increase prices if demand responsiveness to quality is sufficiently low. The non-merging firm, on the other hand, always responds by increasing both quality and prices. Overall, a merger leads to higher average prices and quality in the market. The welfare implications of a merger are not clear-cut. If the demand responsiveness to quality is sufficiently high, some consumers benefit from the merger and social welfare might also increase. |
Tipo: | Documento de trabalho |
URI: | https://hdl.handle.net/1822/27959 |
Versão da editora: | http://www.nipe.eeg.uminho.pt/Uploads/NIPE_WP_07_2014.pdf |
Arbitragem científica: | no |
Acesso: | Acesso aberto |
Aparece nas coleções: | NIPE - Documentos de Trabalho |
Ficheiros deste registo:
Ficheiro | Descrição | Tamanho | Formato | |
---|---|---|---|---|
NIPE_WP_07_2014.pdf | Horizontal Mergers and Product Quality | 738,96 kB | Adobe PDF | Ver/Abrir |