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Mergers in durable goods industries

[journal article]

Sagasta, Amagoia; Saracho, Ana I.

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Please use the following Persistent Identifier (PID) to cite this document:http://nbn-resolving.de/urn:nbn:de:0168-ssoar-277433

Further Details
Abstract "This paper is concerned with the study of durability as an aspect of competition and market structure that contributes to determining the incentives for mergers. We find that relative to the incentives in industries that produce non-durable goods the durability of the good produced by an industry enhances the incentive for mergers in the presence of intertemporal consistency problems. Further, the analysis indicates that in durable good markets a good antitrust policy should combine a restriction to rent solely with a prudent merger policy." [author's abstract]
Classification National Economy
Document language English
Publication Year 2008
Page/Pages p. 691-701
Journal Journal of Economic Behavior & Organization, 68 (2008) 3-4
DOI http://dx.doi.org/10.1016/j.jebo.2008.08.002
Status Postprint; peer reviewed
Licence PEER Licence Agreement (applicable only to documents from PEER project)