|
|
| Volume 6, No. 3,
December
2007 |
|
|
The Core and
Productivity-Improving Mergers in Mixed Oligopoly |
|
|
| Kohei
Kamaga |
|
|
Graduate School of Economics, Waseda
University, Japan |
| Yasuhiko
Nakamura |
|
|
Graduate School of Economics, Waseda
University, Japan |
|
|
| Abstract |
|
|
|
|
We analyze
productivity-improving mergers in mixed triopoly and explore stable
market structures. We find the only stable market structure contains
a merged public-private firm and one private firm with about 57% of
shares owned by the public firm. |
|
|
|
Key words:
mergers; mixed oligopoly; the core of market structures |
| JEL
classification:
D21; L13; L33 |
|
|
Back |