TO MERGE OR TO LICENSE: IMPLICATIONS OF INFORMATION SHARING FOR OPTIMAL MERGER POLICY*

被引：0

作者：

Shieh, Shiou ^{[1
]}

Huang, Chi-Fei ^{[1
]}

Chen, Hsiao-Chi ^{[1
]}

机构：

[1] Natl Taipei Univ, Taipei, Taiwan

来源：

MANCHESTER SCHOOL | 2013年 / 81卷 / 04期

关键词：

BERTRAND COMPETITION; PRIVATE INFORMATION; HORIZONTAL MERGERS; COURNOT; INCENTIVES; EQUILIBRIUM; INDUSTRY; DUOPOLY;

D O I：

10.1111/j.1467-9957.2012.02301.x

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We investigate the antitrust authority's optimal merger policy in a duopoly model with cost asymmetry and asymmetric information regarding uncertain demand. Technology can be transferred either through a merger or a license, while market information is shared only through a merger. We show that the optimal merger policy differs under Cournot and Bertrand competition. If firms compete in Bertrand fashion, then mergers should never be allowed. If firms compete in Cournot fashion, then mergers are permitted if market volatility is high or if volatility is in the intermediate range and the size of innovations is large enough.

引用

页码：599 / 619

页数：21

共 24 条

[1] Information-sharing implications of horizontal mergers [J].