|
| |
| Berardino Cesi |
| |
| ''Mergers under endogenous minimum quality standard: a note'' |
| ( 2010, Vol. 30 No.4 ) |
| |
| |
| We introduce merging strategies and endogenous MQS, borrowed from Ecchia and Lambertini (1997), in Scarpa (1998). MQS induces the low-quality firm to exit the market and leads to a monopoly arising from the bilateral merger of the high-quality firms |
| |
| |
| Keywords: Mergers, Minimum quality standard, Quality differentiation. |
JEL:
L5 - Regulation and Industrial Policy: General |
| |
| Manuscript Received : Sep 23 2010 | | Manuscript Accepted : Dec 05 2010 |
|
