A note on mergers and relocation

被引：0
|
作者：
Alexander Rasch
机构：
[1] University of Cologne,Department of Economics
来源：
Journal of Economics | 2012年 / 107卷
关键词：
Circular city; Horizontal product differentiation; Merger; Relocation; D43; L13; L41; R30;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
Posada and Straume (J Econ 83:243–265, 2004) analyze a three-firm model of a circular city where two of the firms merge and may choose to relocate. They propose an equilibrium with relocation where taking part in the merger yields higher profits than staying outside, i.e., relocation may solve the so-called merger paradox. In this note, it is shown that the equilibrium candidate considered is not an equilibrium.
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页码：277 / 282
页数：5
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