Economics Letters – 54.1 (1997) 75-79

Paraules clau:: profits, mergers, Cournot

Resum: In a setting where symmetric firms compete à la Cour not and costsare linear, the degree of concavity is identified as the main determinant of merger profitability. This allows the results of Salant et al. (1983) and Cheung (1992) to be generalized.