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oai:riuma.uma.es:10630/317992026-02-03T10:50:56Zcom_10630_2254col_10630_37953

Mergers in Cournot Markets with Environmental Externality and Product Differentiation. Fikru, Mahelet G. Gautier, Luis Sociedades - Fusión Impuestos ambientales Diferenciación del producto Política de acceso abierto tomada de: https://v2.sherpa.ac.uk/id/publication/15575 Due to the extensive work on why mergers take place our understanding of merger incentives has improved. However, there are not many studies examining how differences in pollution parameters between post and pre-merger markets affect the attractiveness of merger deals. This study examines conditions under which the attractiveness of a merger deal increases in a Cournot market with product differentiation and environmental externality. Our findings suggest 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 a deal is more likely to increase if the merged entity is not too pollution-intensive post-merger relative to its pre-merger pollution intensity; and (iv) when merged entities modify products to be greener, they are more likely to benefit more from the deal if they are not too pollution-intensive. 2024-06-28T11:13:06Z 2024-06-28T11:13:06Z 2016 journal article 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 https://hdl.handle.net/10630/31799 10.1016/j.reseneeco.2016.06.004 eng http://creativecommons.org/licenses/by-nc-nd/4.0/ open access Attribution-NonCommercial-NoDerivatives 4.0 Internacional Elsevier