文章基本信息

标题：Horizontal Mergers and Product Quality
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作者：Kurt R. Brekke ; Luigi Siciliani ; Odd Rune Straume 等
期刊名称：Discussion Papers / Norwegian School of Economics and Business Administration
印刷版ISSN：0804-6824
出版年度：2014
卷号：2014
出版社：Bergen
摘要：Using a spatial competition framework with three ex ante identical firms, we study the effectsof a horizontal merger on quality, price and welfare. The merging firms always reduce quality.They also increase prices if demand responsiveness to quality is sufficiently low. The non-mergingfirm, on the other hand, always responds by increasing both quality and prices. Overall, a mergerleads to higher average prices and quality in the market. The welfare implications of a merger arenot clear-cut. If the demand responsiveness to quality is sufficiently high, some consumers benefitfrom the merger and social welfare might also increase.
关键词：Horizontal mergers; Quality; Spatial Competition