Efficiency and concentration
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Satya R. Chakravarty
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Article
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1992
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Springer
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English
โ 460 KB
Baumol, Panzar, and Willig [1982] introduced the idea that there may be efficiency gain from merger of two or more firms. This paper shows that the Debreu [1951]-Farrell [1957] type index suggested by Fare [1986] to calculate the gain in efficiency from merger of firms can be related to a concent