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A Theoretical Analysis of Multiproduct Mergers: Application in the Major Meat Sectors

Author

Listed:
  • Sanderson, Benjamin L
  • Coatney, Kalyn T
  • Parman, Bryon J
  • Tack, Jesse B

Abstract

This paper develops a theoretical model applicable to mergers with differentiated products, with an application in the meat sector. Results show that mergers across submarkets may raise competitive concerns if sufficient economies of scope are not gained by the merger.

Suggested Citation

  • Sanderson, Benjamin L & Coatney, Kalyn T & Parman, Bryon J & Tack, Jesse B, 2016. "A Theoretical Analysis of Multiproduct Mergers: Application in the Major Meat Sectors," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 236158, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:aaea16:236158
    DOI: 10.22004/ag.econ.236158
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    References listed on IDEAS

    as
    1. Hackner, Jonas, 2000. "A Note on Price and Quantity Competition in Differentiated Oligopolies," Journal of Economic Theory, Elsevier, vol. 93(2), pages 233-239, August.
    2. Baumol, William J, 1982. "Contestable Markets: An Uprising in the Theory of Industry Structure," American Economic Review, American Economic Association, vol. 72(1), pages 1-15, March.
    3. Avinash Dixit, 1979. "A Model of Duopoly Suggesting a Theory of Entry Barriers," Bell Journal of Economics, The RAND Corporation, vol. 10(1), pages 20-32, Spring.
    4. Judy Hsu & X. Wang, 2005. "On Welfare under Cournot and Bertrand Competition in Differentiated Oligopolies," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 27(2), pages 185-191, September.
    5. Oral Capps, 1989. "Utilizing Scanner Data to Estimate Retail Demand Functions for Meat Products," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 71(3), pages 750-760.
    6. Baker, Jonathan B & Baresnahan, Timothy F, 1985. "The Gains from Merger or Collusion in Product-differentiated Industries," Journal of Industrial Economics, Wiley Blackwell, vol. 33(4), pages 427-444, June.
    7. Richard J. Sexton & Mingxia Zhang, 2001. "An assessment of the impact of food industry market power on U.S. consumers," Agribusiness, John Wiley & Sons, Ltd., vol. 17(1), pages 59-79.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Demand and Price Analysis; Industrial Organization; Livestock Production/Industries;
    All these keywords.

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