Bundling and Mergers in Energy Markets

被引：7
|
作者：
Granier, Laurent [1 ]
Podesta, Marion [2 ]
机构：
[1] Univ Lyon 2, GATE Lyon St Etienne, CNRS, UMR 5824, F-69365 Lyon 07, France
[2] Univ Toulouse 1, Toulouse Sch Econ, LERNA, F-31042 Toulouse, France
来源：
ENERGY ECONOMICS | 2010年 / 32卷 / 06期
关键词：
Product Bundling; Endogenous Mergers; Energy Markets; MONOPOLIZATION; MONOPOLY; TAKEOVER; DEMAND;
D O I：
10.1016/j.eneco.2010.06.010
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Does bundling trigger mergers in energy industries? We observe mergers between firms belonging to various energy markets, for instance between gas and electricity providers. These mergers enable firms to bundle. We consider two horizontally differentiated markets. In this framework, we show that bundling strategies in energy markets create incentives to form multi-market firms in order to supply bi-energy packages. Moreover, we find that this type of merger is detrimental to social welfare. (C) 2010 Elsevier B.V. All rights reserved.
引用
收藏
页码：1316 / 1324
页数：9
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