TY - GEN
AU - Lommerud, Kjell Erik
AU - Straume, Odd Rune
AU - Sorgard, Lars
AU - Wissenschaftszentrum Berlin für Sozialforschung gGmbH
TI - Downstream merger with oligopolistic input suppliers
KW - Oligopol
KW - Preisbildung
KW - Wettbewerb
KW - Wirkung
KW - zwischenbetriebliche Kooperation
KW - Fusion
KW - Einfluss
KW - Zulieferer
KW - Unternehmen
KW - Gewerkschaft
PY - 2002
N2 - Veröffentlichungsversion
N2 - "We examine how a downstream merger affects input prices and, in turn, the profitability of such a merger under Cournot competition with differentiated products. Input suppliers can be interpreted as ordinary upstream firms, or trade unions organising workers. If the input suppliers are plant-specific, we find that a merger is more profitable than in a corresponding model with exogenous input prices. In contrast to the received literature, we find that it can be more profitable to take part in a merger than being an outsider. For firm-specific input suppliers, on the other hand, results are reversed. We apply our model to endogenous merger formation in an international oligopoly, and show that the equilibrium market structure is likely to be characterised by cross-border merger." (author's abstract)
BT - Discussion Papers / Wissenschaftszentrum Berlin für Sozialforschung, Forschungsschwerpunkt Markt und politische Ökonomie ; Bd. 01-22
CY - Berlin
ER -
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