To merge or not to merge: That is the question

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dc.contributor.author Corchón, Luis C.
dc.contributor.author Faulí-Oller, Ramón
dc.date.accessioned 2009-03-12T09:21:47Z
dc.date.available 2009-03-12T09:21:47Z
dc.date.issued 2004
dc.identifier.bibliographicCitation Review of Economic Design. 2004, vol. 9, nº 1, p. 11-30
dc.identifier.issn 1434-4750
dc.identifier.uri http://hdl.handle.net/10016/3807
dc.description.abstract In this paper we analyze the implementation of socially optimal mergers when the regulator is not informed about all parameters that determine social and private gains from potential mergers.We show that implementation requires a certain degree of agreement between social and private incentives. The most important example where this congruence is present is when the uncertainty refers to cost savings, because in this case society and firms want costs savings to be as high as possible. Then, it is possible to induce firms to truthfully reveal the costs savings induced by the merger.
dc.format.mimetype application/pdf
dc.language.iso eng
dc.publisher Springer
dc.rights The original publication is available at www.springerlink.com
dc.subject.other Meger
dc.subject.other antitrust
dc.subject.other implementation
dc.title To merge or not to merge: That is the question
dc.type article
dc.type.review PeerReviewed
dc.description.status Publicado
dc.relation.publisherversion http://www.springerlink.com/content/eyewk8pdu284fpa9/fulltext.pdf
dc.relation.publisherversion http://dx.doi.org/10.1007/s10058-004-0117-3
dc.subject.jel D78
dc.subject.jel L13
dc.subject.jel L41
dc.subject.eciencia Economía
dc.identifier.doi 10.1007/s10058-004-0117-3
dc.rights.accessRights openAccess
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