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
Tipologia del documento
Monografia (Working paper)
Autori
AutoreAffiliazioneORCID
Esfahani, Hamideh
Parole chiave
Differential game, Sticky price
Settori scientifico-disciplinari
ISSN
2282-6483
DOI
Data di deposito
28 Gen 2016 13:06
Ultima modifica
28 Gen 2016 13:06
URI

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