Mergers in Durable Goods Industries

Sagasta Elorza, Amagoia; Saracho de la Torre, Ana Isabel

dc.contributor.author	Sagasta Elorza, Amagoia
dc.contributor.author	Saracho de la Torre, Ana Isabel
dc.date.accessioned	2012-02-01T12:57:07Z
dc.date.available	2012-02-01T12:57:07Z
dc.date.issued	2004
dc.identifier.issn	1988-088X
dc.identifier.uri	http://hdl.handle.net/10810/6610
dc.description	Revised 2008-11.-- Published as an article in: Journal of Economic Behavior & Organization, 2008, 68, pp. 691-701.	es
dc.description.abstract	This paper is concerned with the study of durability as an aspect of competition and market structure that contributes to determining the incentives for mergers. We find that relative to the incentives in industries that produce non-durable goods the durability of the good produced by an industry enhances the incentive for mergers in the presence of intertemporal consistency problems. Further, the analysis indicates that in durable good markets a good antitrust policy should combine a restriction to rent solely with a prudent merger policy.	es
dc.description.sponsorship	Financial support from the Ministerio de Ciencia y Tecnología of Spain (grant MEC 2000-0301) and the Universidad del País Vasco (grants HB-S238 and 00035.321-13460/2001) is gratefully acknowledged.	es
dc.language.iso	eng	es
dc.publisher	University of the Basque Country, Department of Foundations of Economic Analysis II	es
dc.relation	info:eu-repo/grantAgreement/MEC/2000-0301
dc.relation.ispartofseries	DFAEII 2004.03
dc.rights	info:eu-repo/semantics/openAccess	es
dc.rights.uri	http://creativecommons.org/licenses/by-nc-sa/3.0/	*
dc.subject	durable goods	es
dc.subject	mergers	es
dc.subject	intertemporal consistency	es
dc.subject	strategic behavior	es
dc.title	Mergers in Durable Goods Industries	es
dc.type	info:eu-repo/semantics/workingPaper	es
dc.rights.holder	Attribution-NonCommercial-ShareAlike 3.0 Unported	*
dc.subject.jel	D43
dc.subject.jel	L12
dc.subject.jel	L41
dc.identifier.repec	RePEc:ehu:dfaeii:200403	es
dc.departamentoes	Fundamentos del análisis económico I	es_ES
dc.departamentoes	Fundamentos del análisis económico II	es_ES
dc.departamentoeu	Ekonomia analisiaren oinarriak II	es_ES
dc.departamentoeu	Ekonomia analisiaren oinarriak I	es_ES
dc.subject.categoria	MICROECONOMICS
dc.subject.categoria	ECONOMICS, ECONOMETRICS AND FINANCE
dc.subject.categoria	INDUSTRIAL ORGANIZATION

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