Strategic interactions, market information and predicting the effects of mergers in differentiated product markets
作者： Douglas D. Davis
DOI: 10.1016/S0167-7187(01)00086-8
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摘要: Abstract This paper reports an experiment conducted to examine the effects of changing form strategic interactions (Bertrand or Cournot), and underlying information conditions on usefulness ‘ALM,’ a merger simulation device used by US Department Justice. The consists 20, 60-period quadropolies. After period 40 is induced. Behaviorally, Cournot markets are much more variable than Bertrand markets. Also, providing about others’ actions earnings dampens merger-related comparative statics effects. Consequently, ALM predicts post-merger performance poorly. Nevertheless, results do not undermine previous finding that screens out nonproblematic consolidations.
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