English, Article, Journal or magazine article edition: Mergers in Durable Goods Industries. Amagoia Sagasta; Ana I. Saracho

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Bookmark: http://trove.nla.gov.au/version/183288
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Mergers in Durable Goods Industries.
Author
  • Amagoia Sagasta
  • Ana I. Saracho
Physical Description
  • preprint
Notes
  • 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.
  • Durable goods, mergers, intertemporal consistency, strategic behavior
  • RePEc:ehu:dfaeii:200403
Language
  • English
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