Economía mexicana. Nueva época
versão impressa ISSN 1665-2045
AVALOS BRACHO, Marcos. Merger Policy and Efficiency Gains. Econ. mex. Nueva época [online]. 2010, vol.19, n.2, pp.343-379. ISSN 1665-2045.
This paper provides a discussion on mergers and the role played by efficiency gains. By introducing a capacity-constrained Cournot model, we show that one way to extract useful information from merging firms is to design a scheme (requiring that the firms divest some of their assets) that leads to self-selection of the more socially worthwhile mergers.
Palavras-chave : efficiency gains; merger policy; structural remedies.