Economics

Merger and Collusion in Contests

Steffen Huck, Kai A. Konrad, Wieland Müller

Merger and Collusion in Contests

Section: Articles
Journal of Institutional and Theoretical Economics (JITE)

Volume 158 (2002) / Issue 4, pp. 563-575 (13)

13,00 € including VAT

article PDF

DOI: 10.1628/0932456022975277

Competition in some product markets takes the form of a contest. If some firms cooperate in such markets, they must decide how to allocate effort on each of their products and whether to reduce the number of their products in the competition. We show how this decision depends on the convexity properties of the contest success function, and we characterize conditions under which cooperation is profitable.

Authors/Editors

Steffen Huck No current data available.

Kai A. Konrad No current data available.
https://orcid.org/0000-0002-2225-2271

Wieland Müller No current data available.

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