| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP10156 |
| DP10156 Horizontal Mergers and Product Quality | |
| Kurt Richard Brekke; Luigi Siciliani | |
| 发表日期 | 2014-09-21 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | 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 the other hand, always responds by increasing both quality and prices. Overall, a merger leads to higher average prices and quality in the market. The welfare implications of a merger are not clear-cut. If the demand responsiveness to quality is sufficiently high, some consumers benefit from the merger and social welfare might also increase. |
| 主题 | Industrial Organization |
| 关键词 | Horizontal mergers Quality Spatial competition |
| URL | https://cepr.org/publications/dp10156 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/538989 |
| 推荐引用方式 GB/T 7714 | Kurt Richard Brekke,Luigi Siciliani. DP10156 Horizontal Mergers and Product Quality. 2014. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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