RT Journal Article
T1 Mergers in Cournot Markets with Environmental Externality and Product Differentiation.
A1 Fikru, Mahelet G.
A1 Gautier, Luis
K1 Sociedades - Fusión
K1 Impuestos ambientales
K1 Diferenciación del producto
AB Due to the extensive work on why mergers take place our understanding of mergerincentives has improved. However, there are not many studies examining how differences inpollution parameters between post and pre-merger markets affect the attractiveness of mergerdeals. This study examines conditions under which the attractiveness of a merger deal increasesin a Cournot market with product differentiation and environmental externality. Our findingssuggest that, (i) the attractiveness of a deal increases as products become more differentiated, (ii)merger deals could result in lower optimal emission tax post-merger, (iii) the attractiveness of adeal is more likely to increase if the merged entity is not too pollution-intensive post-mergerrelative to its pre-merger pollution intensity; and (iv) when merged entities modify products to begreener, they are more likely to benefit more from the deal if they are not too pollution-intensive.
PB Elsevier
YR 2016
FD 2016
LK https://hdl.handle.net/10630/31799
UL https://hdl.handle.net/10630/31799
LA eng
NO Mahelet G. Fikru, Luis Gautier, Mergers in Cournot Markets with Environmental Externality and Product Differentiation, Resource and Energy Economics (2016), http://dx.doi.org/10.1016/j.reseneeco.2016.06.004
NO Política de acceso abierto tomada de: https://v2.sherpa.ac.uk/id/publication/15575
DS RIUMA. Repositorio Institucional de la Universidad de Málaga
RD 20 ene 2026