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Protectionist Lobbying and Strategic Investment

✍ Scribed by Richard Damania

Book ID
108573183
Publisher
John Wiley and Sons
Year
2003
Tongue
English
Weight
150 KB
Volume
79
Category
Article
ISSN
0013-0249

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Established firms can diversify into new markets in two distinct modes: through internal development or through conglomerate merger. Building on a dynamic three-stage bargaining model with variable threats, this paper shows that a lenient antitrust position toward horizontal mergers can induce estab