The Merger Paradox and R&D
Miyagiwa, Kaz : Yunyun(Jiangyun) Wan
WP#15-21 一橋大学イノベーション研究センター (2015/09/28)
The merger paradox is revisited in the presence of cost-reducing R&D in Cournot oligopoly. Two cases are found, in which merger is profitable without satisfying the 80-percent threshold requirement of Salant et al (1983).