- Autor
- Prokop Jacek (Warsaw School of Economics, Poland)
- Tytuł
- Monopolization through Acqusition
- Źródło
- The National Economy, 2006, nr Special Issue, s. 163-176, tab., bibliogr. 13 poz.
Gospodarka Narodowa - Słowa kluczowe
- Rynki monopolistyczne, Wykup przedsiębiorstwa, Gry rynkowe, Przejęcie przedsiębiorstwa, Równowaga rynkowa
Monopolistic markets, Company buyout, Market games, Corporate acquisitions, Market equilibrium - Uwagi
- summ.
- Abstrakt
- The author examines the possibility of monopolization in a sector dominated by three enterprises through the purchase of rival businesses - assuming there are no limitations imposed by the antimonopoly office. The analysis involved two monopolization models: static and dynamic, assuming that a single buyer will seek to monopolize the sector. Unlike in other models described in literature to date, the author assumes that the owners of companies subject to acquisition use mixed strategies in their decisions on selling their enterprises. In the static model, the author says, monopolization through acquisition may prove to be profitable. However, a dynamic analysis of the issue shows that the expected profit may be much smaller than suggested by static analyses and may fail to cover the permanent costs linked with the process of acquisition. Moreover, the probability of selling an enterprise by its owner is close to zero, which puts a question mark over the possibility of conducting effective monopolization through acquisition. (original abstract)
- Dostępne w
- Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie
Biblioteka SGH im. Profesora Andrzeja Grodka
Biblioteka Główna Uniwersytetu Ekonomicznego w Poznaniu - Bibliografia
-
- Carlton D.W., Perloff J.M., [2000], Modern Industrial Organization, Addison-Wesley.
- Church J., Ware R., [2000], Industrial Organization. A Strategic Approach, The McGraw-Hill.
- Compte O., Jenny F., Rey P., [2002], Capacity Constraints, Mergers and Collusion, "European Economic Review", 46(1), s. 1-29.
- Fudenberg D., Tirole J., [1992], Game Theory, The MIT Press, Cambridge, Massachusetts.
- Harris E.G., [1994], Why One Firm Is the Target and the Other the Bidder in Single-Bidder Synergistic Takeovers, "Journal of Business", 67, s. 263-80.
- Kamien M.I. and Zang I., [1990], The Limits of Monopolization Through Acquisition, "Quarterly Journal of Economics", 105, s. 465-99.
- Kamien M.I. and Zang I., [1993], Monopolization Through Sequential Acquisition, "Journal of Law, Economics and Organization", 9, s. 205-29.
- Kuhn K.U., Motta M., [1999], The Economics of Joint Dominance, mimeo.
- Lehto P. and Tombak M.M., [1996], Consolidation and the Sequence of Acquisitions to Monopoly, mimeo.
- Perry M.K., Porter R., [1985], Oligopoly and the Incentive for Horizontal Merger, "American Economic Review", 75, s. 219-227.
- Samuelson W.F., Marks S.G., [2003], Managerial Economics, J. Wiley & Sons.
- Tirole J., [1997], The Theory of Industrial Organization, The MIT Press, Cambridge, Massachusetts.
- Varian H.R., [1999], Intermediate Microeconomics. A Modern Approach, W.W. Norton & Co., New York.
- Cytowane przez
- ISSN
- 0867-0005
- Język
- eng
