Abstract
We analyze the price effects of mergers to monopoly between producers of complementary goods when there exists a fraction of consumers that value only one of the components. We show that customers are more likely to face a price decrease for the composite good under this setting than when such consumers do not exist.
Original language | Unknown |
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Pages (from-to) | 60-75 |
Journal | Manchester School |
Volume | 78 |
Issue number | 1 |
DOIs | |
Publication status | Published - 1 Jan 2010 |