Utilize este identificador para referenciar este registo:
https://hdl.handle.net/1822/6854
Título: | Downstream merger with upstream market power |
Autor(es): | Lommerud, Kjell Erik Straume, Odd Rune Sørgard, Lars |
Palavras-chave: | Merger profitability Input suppliers Trade unions Cross-border merger |
Data: | Abr-2005 |
Editora: | Elsevier B.V. |
Revista: | European Economic Review |
Citação: | "European Economic Review". ISSN 0014-2921. 49:3 (Apr. 2005) 717-743. |
Resumo(s): | We examine how a downstream merger affects input prices and, in turn, the profitability of a such a merger under Cournot competition with differentiated products. Input suppliers can be interpreted as ordinary upstream firms, or trade unions organising workers. If the input suppliers are plant-specific, we find that a merger is more profitable than in a corresponding model with exogenous input prices. In contrast to the received literature, we find that it can be more profitable to take part in a merger than being an outsider. For firm-specific input suppliers, on the other hand, results are reversed. We apply our model to endogenous merger formation in an international oligopoly, and show that the equilibrium market structure is likely to be characterised by cross-border merger. |
Tipo: | Artigo |
URI: | https://hdl.handle.net/1822/6854 |
ISSN: | 0014-2921 |
Versão da editora: | http://www.sciencedirect.com/science/journal/00142921 |
Arbitragem científica: | yes |
Acesso: | Acesso aberto |
Aparece nas coleções: | NIPE - Artigos em Revistas de Circulação Internacional com Arbitragem Científica |
Ficheiros deste registo:
Ficheiro | Descrição | Tamanho | Formato | |
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Lommerud_Straume_Sorgard_2005_EER.pdf | Documento principal | 338,65 kB | Adobe PDF | Ver/Abrir |