Efectos de integraciones de firmas en mercados de bienes homogéneos

Abstract

This article models the potential effects of firm mergers on the price of a market for homogenous goods. The analysis is carried out according to two scenarios: a) firms have similar levels of technology at their disposal and b) a degree of heterogeneity is assumed between groups of firms. It is found that even when mechanisms are in place to favor efficiency in product supply, there is a risk that prices will increase.

Keywords

• Oligopoly
• Cournot
• homogenous goods
• firm behavior
• production
• non-cooperative games