Endogenous mergers and size asymmetry of merger participants

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41 Citations (Scopus)


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 languageEnglish
Pages (from-to)113-119
Number of pages7
JournalEconomics Letters
Issue number1
Publication statusPublished - 1 Jul 1998


  • Endogenous mergers
  • L11
  • L41
  • Merger participants
  • Size assymmetry


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