Merger Policy and Efficiency Gains
This paper provides a discussion on mergers and the role played by efficiency gains. By introducing a capacity-constrained Cournot model, we show that one way to extract useful information from merging firms is to design a scheme (requiring that the firms divest some of their assets) that leads to self-selection of the more socially worthwhile mergers.
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| Format: | Digital revista |
| Language: | English |
| Published: |
Centro de Investigación y Docencia Económicas A.C.
2010
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| Online Access: | http://www.scielo.org.mx/scielo.php?script=sci_arttext&pid=S1665-20452010000200005 |
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