Horizontal mergers, involuntary unemployment, and welfare

Standard welfare analysis of horizontal mergers usually refers to two effects: the anticompetitive market power effect reduces wel-fare by enabling firms to charge prices above marginal costs, where-as the procompetitive efficiency effect increases welfare by reduc-ing the costs of production (syner...

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Veröffentlicht in:	Journal of economic research 2016-11, Vol.21 (3), p.297
Hauptverfasser:	Oliver Budzinski, Jurgen-peter Kretschmer
Format:	Artikel
Sprache:	kor
Schlagworte:	competition effi-ciency defense Ford effects horizontal mergers income feedback effects involuntary unemployment oligopoly
Online-Zugang:	Volltext
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