Católica Porto Business School
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- Globalisation and the Portuguese SMESPublication . Castro, Alberto; Sopas, Leonor; Varejão, José
- Un analisis empirico de los efectos reciprocos de las extensiones de marca.Publication . Serra, Elisabete de Magalhães; Varela Gonzalez, José Antonio
- All managers have a theory of the firmPublication . Santos, José Fernando Pinto dos
- Two-group classification in business: an evaluation of parametric and non-parametric approachesPublication . Silva, A. Pedro Duarte; Stam, Antonie; Neter, John
- The dynamics of competitive success and failurePublication . Santos, José Fernando Pinto dos
- Methodological issues in management studies: grounded research supported by computer softwarePublication . Brito, Carlos Melo
- Multinacionais e mundializaçãoPublication . Santos, José Fernando Pinto dos
- The new strategy for the portuguese industryPublication . Gouveia, J. B.; Sousa, Rui
- Fusões e aquisições: a evidência empíricaPublication . Rodrigues, Vasco
- Endogenous mergers and market structurePublication . Rodrigues, VascoIn this paper we use a two-stage game to model endogenous mergers. In the second stage of the game, firms compete on the product market. In the first stage, anticipating what will happen in the second stage, firms decide whether or not to merge. In the model, merger occurrence is determined by the interplay of the initial number of firms in the industry, the expected competitive intensity, and the possibility to economize on fixed costs through merger. It is shown that the equilibrium market structure concentration is decreasing in the first of these factors and increasing in the other two. Some implications for antitrust policy are discussed