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- W1484434374 abstract "This industry is formed by single-component producers whose components are combined to create composite goods. When a given firm has the possibility of merging with either a complement or a substitute good producer, its equilibrium choice depends on the degree of product differentiation in the composite good market. A merger between complements, which allows for mixed bundling, only happens when composite goods are very differentiated. Private incentives do not always go along with social interests and the equilibrium merger can differ from the socially optimal merger. After a merger, outsiders have also the opportunity to react and merge to other outsiders or to join the previous merge." @default.
- W1484434374 created "2016-06-24" @default.
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- W1484434374 date "2010-06-01" @default.
- W1484434374 modified "2023-09-27" @default.
- W1484434374 title "Equilibrium mergers in a composite industry" @default.
- W1484434374 hasPublicationYear "2010" @default.
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