On the welfare effects of mergers: Short run vs. long run

Quarterly Review of Economics and Finance

Volumn 38, Issue 1, 1998, Pages 1-24

  Polasky, Stephen ^a   Mason, Charles F ^b  

^a OREGON STATE UNIVERSITY   (United States)

^b NONE

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0032011546     PISSN: 10629769     EISSN: None     Source Type: Journal    
DOI: 10.1016/s1062-9769(99)80101-x     Document Type: Article

References (29)

1. Bagnoli, Mark and Barton L. Lipman. 1989. "Provision of Public Goods: Fully Implementing the Core through Private Contributions" Review of Economic Studies, 56: 583-601.
2. Baik, Kyung Hwan. 1995. "Horizontal Mergers of Price-Setting Firms with Sunk Capacity Costs," Quarterly Review of Economics and Finance, 35: 245-256.
3. Blair, Roger D. and David L. Kaserman. 1985. Antitrust Economics. Homewood, IL: Irwin.
4. Bradley, Michael, Amand Desai, and E. Han Kim. 1988. "Synergistic Gains from Corporate Acquisitions and their Division Between the Stockholders of Target and Acquiring Firms," Journal of Financial Economics, 21: 3-40.
5. Deneckere, Raymond and Carl Davidson. 1985. "Incentives to Form Coalitions with Bertrand Competition," Rand Journal of Economics, 16: 473-486.
6. Dixit, Avinash K. 1980. "The Role of Investment in Entry-Deterrence," Economic Journal, 90: 95-106.
7. Farrell, Joseph and Carl Shapiro. 1990. "Horizontal Mergers: An Equilibrium Analysis," American Economic Review, 80: 107-126.
8. Gaudet, Gerard and Stephen W. Salant. 1992a. "Towards a Theory of Horizontal Mergers." Pp. 137-158 in The New Industrial Economics: Recent Developments in Industrial Organization, Oligopoly, and Game Theory, edited by George Norman and Manfreddi La Manna. London: Edward Elgar.
9. -. 1992b. "Mergers of Producers of Perfect Complements Competing in Price," Economic Letters, 39: 359-364.
10. Gilbert, Richard J. and Marvin B. Lieberman. 1987. "Investment and Coordination in Oligopolistic Industries" Rand Journal of Economics, 18: 17-33.
11. Gilbert, Richard J. and Xavier Vives. 1986. "Entry Deterrence and the Free Rider Problem," Review of Economic Studies, 53: 71-83.
12. Jarrell, Gregg A., James A. Brickley, and Jeffrey M. Netter. 1988. "The Market for Corporate Control: The Empirical Evidence Since 1980," Journal of Economic Perspectives, 2: 49-68.
13. Kamien, Morton I. and Israel Zang. 1990. "The Limits of Monopolization Through Acquisition," Quarterly Journal of Economics, 105: 465-499.
14. -. 1991. "Competitively Cost Advantageous Mergers and Monopolization," Games and Economic Behavior, 3: 323-338.
15. Levin, Daniel. 1990. "Horizontal Mergers: The 50-Percent Benchmark," American Economic Review, 80: 1238-1245.
16. Lieberman, Marvin B. 1987a. "Excess Capacity as a Barrier to Entry: An Empirical Appraisal," Journal of Industrial Economics, 35: 607-627.
17. -. 1087b. "Market Growth, Economies of Scale, and Plant Size in the Chemical Processing Industries," Journal of Industrial Economics, 36: 175-191.
18. Magenheim, Ellen and Dennis C. Mueller. 1988. "On Measuring the Effect of Mergers on Acquiring Firm Shareholders." Pp. 171-193 in Knights, Raiders, and Targets, edited by John C. Coffee, Louis Lowenstein, and Susan Rose-Ackerman. New York: Oxford University Press.
19. Mason, Charles F. and Clifford Nowell. 1992. "Entry, Collusion, and Capacity Constraints," Southern Economic Journal, 58: 1002-1014.
20. Mason, Charles F., Owen R. Phillips and Clifford Nowell. 1992. "Duopoly Behavior in Asymmetric Markets: An Experimental Evaluation," Review of Economics and Statistics, 74: 662-670.
21. McAfee, R. Preston and Mark A. Williams. 1992. "Horizontal Mergers and Antitrust Policy," Journal of Industrial Economics, 40: 181-187.
22. Perry, Martin and Robert Porter. 1985. "Oligopoly and the Incentive for Horizontal Merger," American Economic Review, 75: 219-227.
23. Salant, Stephen W., Sheldon Switzer and Robert J. Reynolds. 1983. "Losses From Horizontal Merger: The Effects of an Exogenous Change in Industry Structure on Cournot-Nash Equilibrium," Quarterly Journal of Economics, 98: 185-199.
24. Scherer, F.M. 1988. "Corporate Takeovers: The Efficiency Arguments," Journal of Economic Perspectives, 2: 69-82.
25. Scherer, F.M. and David Ross. 1990. Industrial Market Structure and Economic Performance. Boston: Houghton-Mifflin.
26. U.S. Department of Justice and Federal Trade Commission. 1992. Horizontal Merger Guidelines.
27. Waldman, Michael. 1987. "Noncooperative Entry Deterrence, Uncertainty, and the Free Rider Problem," Review of Economic Studies, 54: 301-310.
28. Weiss, Leonard W. 1976. "Optimal Plant Size and the Extent of Suboptimal Capacity." Pp. 123-141 in Essays in Industrial Organization in Honor of Joe S. Bain, edited by Robert T. Masson and P. David Qualls. Cambridge, MA: Ballinger.
29. Williamson, Oliver E. 1968. "Economies as an Antitrust Defense: The Welfare Tradeoffs," American Economic Review, 58: 18-36.