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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP15830 |
DP15830 Multiproduct Mergers and Quality Competition | |
Justin Johnson; Andrew Rhodes | |
发表日期 | 2021-02-19 |
出版年 | 2021 |
语种 | 英语 |
摘要 | We investigate mergers in markets where quality differences between products are central and firms may reposition their product lines by adding or removing products of different qualities following a merger. Such mergers are materially different from those studied in the existing literature. Mergers without synergies may exhibit a product-mix effect which raises consumer surplus, but only when the pre-merger industry structure satisfies certain observable features. Post-merger synergies may lower consumer surplus. The level of, and changes in, the Herfindahl-Hirschman Index may give a misleading assessment of how a merger affects consumers. A merger may benefit some outsiders but harm others. |
主题 | Industrial Organization |
URL | https://cepr.org/publications/dp15830 |
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/544827 |
推荐引用方式 GB/T 7714 | Justin Johnson,Andrew Rhodes. DP15830 Multiproduct Mergers and Quality Competition. 2021. |
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