Profitability of Horizontal Mergers in the Presence of Price Stickiness

Esfahani, Hamideh (2011) Profitability of Horizontal Mergers in the Presence of Price Stickiness. Bologna: Dipartimento di Scienze economiche DSE, p. 16. DOI 10.6092/unibo/amsacta/4493. In: Quaderni - Working Paper DSE (747). ISSN 2282-6483.
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Abstract

In this paper, we investigate the profitability of horizontal mergers of firms with price adjustments. We take a differential game approach and both the open-loop as well as the closed-loop equlibria are considered. We show that the merger incentive is determined by how fast the price adapts to the equilibrium level.

Abstract
Document type
Monograph (Working Paper)
Creators
CreatorsAffiliationORCID
Esfahani, Hamideh
Keywords
Differential game, Sticky price
Subjects
ISSN
2282-6483
DOI
Deposit date
28 Jan 2016 13:06
Last modified
28 Jan 2016 13:06
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