Horizontal mergers and product quality
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 th...
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| Other Authors: | , |
| Format: | workingPaper |
| Language: | eng |
| Published: |
2014
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| Subjects: | |
| Online Access: | http://hdl.handle.net/1822/27959 |
| Country: | Portugal |
| Oai: | oai:repositorium.sdum.uminho.pt:1822/27959 |