Can consumer surplus decrease with merger efficiencies?

Bibliographic Details
Main Author: Brito, Duarte
Publication Date: 2024
Other Authors: Vasconcelos, Helder
Format: Article
Language: eng
Source: Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
Download full: http://hdl.handle.net/10362/169778
Summary: Funding Information: Helder Vasconcelos gratefully acknowledges financial support from Fundação para a Ciência e a Tecnologia ( UID/ECO/04105/2019 ). The usual disclaimer applies. Publisher Copyright: © 2024 The Author(s)
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oai_identifier_str oai:run.unl.pt:10362/169778
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network_name_str Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
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spelling Can consumer surplus decrease with merger efficiencies?Consumer surplusEntryHorizontal mergersSynergiesFinanceEconomics and EconometricsFunding Information: Helder Vasconcelos gratefully acknowledges financial support from Fundação para a Ciência e a Tecnologia ( UID/ECO/04105/2019 ). The usual disclaimer applies. Publisher Copyright: © 2024 The Author(s)This paper investigates the impact of mergers on consumer welfare within a Cournot model, considering mergers driven by anticipated efficiency gains and potential post-merger entry. In this framework, we demonstrate that: (i) modest efficiencies can make both merger and entry beneficial, benefiting consumers; (ii) moderate efficiencies may deter entry, harming consumers due to the merger; and (iii) significant efficiencies may discourage entry but lead to lower prices, benefiting consumers. This result, therefore, embodies an important policy implication that assessing the overall effect of a merger on consumer surplus requires evaluating merger-specific synergies alongside the likelihood of post-merger entry.DCSA - Departamento de Ciências Sociais AplicadasNOVA School of Business and Economics (NOVA SBE)RUNBrito, DuarteVasconcelos, Helder2024-07-18T22:19:07Z2024-062024-06-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/article5application/pdfhttp://hdl.handle.net/10362/169778engBrito, D., & Vasconcelos, H. (2024). Can consumer surplus decrease with merger efficiencies? Economics Letters, 239, Article 111732. https://doi.org/10.1016/j.econlet.2024.1117320165-1765PURE: 91648314https://doi.org/10.1016/j.econlet.2024.111732info:eu-repo/semantics/openAccessreponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiainstacron:RCAAP2024-09-09T01:39:03Zoai:run.unl.pt:10362/169778Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireinfo@rcaap.ptopendoar:https://opendoar.ac.uk/repository/71602025-05-28T18:38:10.937911Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiafalse
dc.title.none.fl_str_mv Can consumer surplus decrease with merger efficiencies?
title Can consumer surplus decrease with merger efficiencies?
spellingShingle Can consumer surplus decrease with merger efficiencies?
Brito, Duarte
Consumer surplus
Entry
Horizontal mergers
Synergies
Finance
Economics and Econometrics
title_short Can consumer surplus decrease with merger efficiencies?
title_full Can consumer surplus decrease with merger efficiencies?
title_fullStr Can consumer surplus decrease with merger efficiencies?
title_full_unstemmed Can consumer surplus decrease with merger efficiencies?
title_sort Can consumer surplus decrease with merger efficiencies?
author Brito, Duarte
author_facet Brito, Duarte
Vasconcelos, Helder
author_role author
author2 Vasconcelos, Helder
author2_role author
dc.contributor.none.fl_str_mv DCSA - Departamento de Ciências Sociais Aplicadas
NOVA School of Business and Economics (NOVA SBE)
RUN
dc.contributor.author.fl_str_mv Brito, Duarte
Vasconcelos, Helder
dc.subject.por.fl_str_mv Consumer surplus
Entry
Horizontal mergers
Synergies
Finance
Economics and Econometrics
topic Consumer surplus
Entry
Horizontal mergers
Synergies
Finance
Economics and Econometrics
description Funding Information: Helder Vasconcelos gratefully acknowledges financial support from Fundação para a Ciência e a Tecnologia ( UID/ECO/04105/2019 ). The usual disclaimer applies. Publisher Copyright: © 2024 The Author(s)
publishDate 2024
dc.date.none.fl_str_mv 2024-07-18T22:19:07Z
2024-06
2024-06-01T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/169778
url http://hdl.handle.net/10362/169778
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Brito, D., & Vasconcelos, H. (2024). Can consumer surplus decrease with merger efficiencies? Economics Letters, 239, Article 111732. https://doi.org/10.1016/j.econlet.2024.111732
0165-1765
PURE: 91648314
https://doi.org/10.1016/j.econlet.2024.111732
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
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application/pdf
dc.source.none.fl_str_mv reponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
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instname_str FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
instacron_str RCAAP
institution RCAAP
reponame_str Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
collection Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
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repository.mail.fl_str_mv info@rcaap.pt
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