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- W2789592502 abstract "This paper considers the environmental policy and welfare implications of a merger between environment flrms (i.e., flrms managing environmental resources or supplying pollution abatement goods and services). The traditional analysis of mergers in Cournot oligopolies is extended in two ways. First, we show how environmental policy afiects the incentives of environment flrms to merge. Second, we stress that mergers in the eco-industry impact welfare beyond what is observed in other sectors, due to an extra efiect on pollution abatement efiorts; this might lead to disagreements between an anti-trust agency seeking to limit market concentration which can be detrimental to consumer surplus and a benevolent regulator who maximizes total welfare." @default.
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- W2789592502 date "2012-07-30" @default.
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- W2789592502 title "Environmental Regulation and Horizontal Mergers in the Eco-industry" @default.
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- W2789592502 doi "https://doi.org/10.1561/102.00000012" @default.
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