Department of Economics

AUTHOR

Cabolis Christos

https://9b9ec758578b3ee0d46b-305404f9eb35eaf4130aa2d106c6a91c.ssl.cf3.rackcdn.com/597/market/publications/741/images//p1b769efd811vr10bc1h9uv3vbnp4.jpg

Industrial Organization , Theory - 2008

Horizontal Mergers and Acquisitions with Endogenous Efficiency Gains

We examine how the strategic long-run decisions, such as cost-reducing R&D invest- ments, prior to the decision for integration; create endogenous efficiency gains that make a horizontal integration profitable.

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