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Technological Asymmetry, Externality, and Merger: The Case of a Three-Firm Industry
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Kabiraj, Tarun | - |
dc.date.accessioned | 2009-01-29 | - |
dc.date.available | 2009-01-29 | - |
dc.date.issued | 2003-01 | - |
dc.identifier.citation | Seoul Journal of Economics, Vol.16 No.1, pp. 1-22 | - |
dc.identifier.issn | 1225-0279 | - |
dc.identifier.uri | https://hdl.handle.net/10371/1290 | - |
dc.description.abstract | We construct a model of three firms oligopoly with homogeneous goods and portray situations where firms fail to merge into monopoly. although such a merger maximizes aggregate profits. The degree of technological asymmetry and the effects of externalities determine the outcome via their effects on the profitability of a bilateral merger. There are situations when an inefficient firm. that cannot survive in a Cournot competition. obtains a positive payoff in the grand coalition. There are also cases when the efficient firm has a disadvantage to bargain. | - |
dc.language.iso | en | - |
dc.publisher | Institute of Economic Research, Seoul National University | - |
dc.subject | externality | - |
dc.subject | Technological asymmetry | - |
dc.subject | Grand coalition | - |
dc.title | Technological Asymmetry, Externality, and Merger: The Case of a Three-Firm Industry | - |
dc.type | SNU Journal | - |
dc.contributor.AlternativeAuthor | Lee, Ching Chyi | - |
dc.citation.journaltitle | Seoul Journal of Economics | - |
dc.citation.endpage | 22 | - |
dc.citation.number | 1 | - |
dc.citation.pages | 1-22 | - |
dc.citation.startpage | 1 | - |
dc.citation.volume | 16 | - |
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