Merger Policy and Efficiency Gains
This paper provides a discussion on mergers and the role played by efficiency gains. By introducing a capacity-constrained Cournot model, we show that one way to extract useful information from merging firms is to design a scheme (requiring that the firms divest some of their assets) that leads to s...
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| Formato: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 2010 |
| País: | México |
| Recursos: | Universidad Anáhuac |
| Repositorio: | Redalyc-UA |
| OAI Identifier: | oai:redalyc.org:32315831005 |
| Acesso em linha: | https://www.redalyc.org/articulo.oa?id=32315831005 |
| Access Level: | acceso abierto |
| Palavra-chave: | Economía y Finanzas merger policy Efficiency gains structural remedies |
| Resumo: | This paper provides a discussion on mergers and the role played by efficiency gains. By introducing a capacity-constrained Cournot model, we show that one way to extract useful information from merging firms is to design a scheme (requiring that the firms divest some of their assets) that leads to self-selection of the more socially worthwhile mergers. |
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