Abstract
This paper investigates productivity improving merger activities between a public firm and a private firm in mixed oligopoly. We assume that the merged firm has two plants (formerly, firms). We show that both owners of a public firm and a private firm want to merge by coordinating their shareholding ratios in the merged firm, whenever the number of private firms is larger than a critical value, while the public firm does not want to merge without the effect of improving the productivity of the merged firm.
| Original language | English |
|---|---|
| Journal | Economics Bulletin |
| Volume | 12 |
| Issue number | 20 |
| Publication status | Published - 2007 Sept 11 |
ASJC Scopus subject areas
- Economics, Econometrics and Finance(all)