Abstract
The literature on mergers and acquisitions shows that a merger among identical firms does not take place because it is not profitable. This study forms a theoretical framework for understanding mergers among identical firms in a pollution-intensive sector. When a merger occurs the market structure changes and so do optimal environmental policies. This flexibility in policy provides the incentive to merge even if there are no efficiency gains.
| Original language | American English |
|---|---|
| Journal | Studies in Microeconomics |
| Volume | 1 |
| DOIs | |
| State | Published - Dec 1 2013 |
Keywords
- Polluting firms
- emission tax
- flexible policy
- market structure
- merger
- symmetric firms
Disciplines
- Economics
Fingerprint
Dive into the research topics of 'Can a Merger Take Place among Symmetric Firms?'. Together they form a unique fingerprint.Cite this
- APA
- Standard
- Harvard
- Vancouver
- Author
- BIBTEX
- RIS