English, Article, Journal or magazine article edition: Horizontal Mergers and Acquisitions with Endogenous Efficiency Gains Christos Cabolis; Constantine Manasakis; Emmanuel Petrakis

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/139104
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Horizontal Mergers and Acquisitions with Endogenous Efficiency Gains
Author
  • Christos Cabolis
  • Constantine Manasakis
  • Emmanuel Petrakis
Physical Description
  • preprint
Notes
  • We examine how the strategic long-run decisions, such as cost-reducing R&​D investments, prior to the decision for integration; create endogenous efficiency gains that make a horizontal integration profitable. The "merger" and the "acquisition" are distinguished as different modes of horizontal integration, with respect to both incentives and equilibrium outcomes. We show that firms' incentives for integration depend on the magnitude of the cost efficiencies that R&​D investments give rise to and the rule of sharing of the integrated entity's profits across participants. The welfare effects of horizontal integrations are also discussed.
  • Horizontal mergers and acquisitions; Processes Innovations; Endogenous efficiency gains.
  • RePEc:crt:wpaper:0817
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment