Abstract
This note presents a simple model highlighting the basic economic intuition about the relationship between initial market concentration and size asymmetry of merger participants. Merger participants are endogenously determined. The main result shows that a negative relation should be expected.
Original language | English |
---|---|
Pages (from-to) | 113-119 |
Number of pages | 7 |
Journal | Economics Letters |
Volume | 60 |
Issue number | 1 |
DOIs | |
Publication status | Published - 1 Jul 1998 |
Keywords
- Endogenous mergers
- L11
- L41
- Merger participants
- Size assymmetry