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dc.contributor.authorBrekke, Kurt R.-
dc.contributor.authorSiciliani, Luigi-
dc.contributor.authorStraume, Odd Rune-
dc.description.abstractUsing 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.por
dc.description.sponsorshipCOMPETE, QREN, FEDER, Fundação para a Ciência e a Tecnologia (FCT)por
dc.publisherUniversidade do Minho. Núcleo de Investigação em Políticas Económicas (NIPE)por
dc.subjectHorizontal mergerspor
dc.subjectSpatial competitionpor
dc.titleHorizontal mergers and product qualitypor
oaire.citationIssueNIPE WP 07/2014por
oaire.citationTitleNIPE Working Papers Seriespor
Appears in Collections:NIPE - Documentos de Trabalho

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