HOME    Nuar Information    mypage        Japanese    Feedback

新潟大学学術リポジトリ Nuar >
040 経済学部 = Faculty of Economics >
20 紀要 = Departmental Bulletin Paper >
02 新潟大学経済論集 = The journal of economics, Niigata University >

 

Files in This Item:

File Description SizeFormat
86_1-18.pdf358KbAdobe PDF
Title :A Note on Profitable Mergers in a Hierarchical Stackelberg Model
Authors :Hamada, Kojun
Publisher :新潟大学経済学会
Issue Date :Mar-2009
Journal Title :新潟大学経済論集
Volume :86
Start Page :1
End Page :18
ISSN :0286-1569
Abstract :In this paper, we attempt to examine whether or not mergers are profitable in a hierarchical Stackelberg model under quantity competition. Under general demand function, a significant result cannot be obtained with regard to whether or not mergers are profitable. Instead, we show that mergers are always profitable, regardless of any curvature of demand under a specified demand structure. This result supports the intuition that mergers are always profitable in a hierarchical Stackelberg model.
Keywords :hierarchical Stackelberg model
profitable merger
Type Local :紀要論文
Language :eng
Format :application/pdf
URI :http://hdl.handle.net/10191/7807
fullTextURL :http://dspace.lib.niigata-u.ac.jp/dspace/bitstream/10191/7807/1/86_1-18.pdf
Appears in Collections:02 新潟大学経済論集 = The journal of economics, Niigata University

Please use this identifier to cite or link to this item: http://hdl.handle.net/10191/7807