The Merger Paradox and R&D

作者：Kaz Miyagiwa, Jiangyun Wan · 发表于：RePEc: Research Papers in Economics · 年份：2015 · 研究领域：Merger and Competition Analysis、Consumer Market Behavior and Pricing、Digital Platforms and Economics

The merger paradox is revisited in the presence of cost-reducing R&D in Cournot oligopoly. Two cases are found, in which merger is profitable without satisfying the 80-percent threshold requirement of Salant et al (1983).