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Eleftheriou, Konstantinos
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Eleftheriou, Konstantinos
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Eleftheriou, Konstantinos
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- PublicationA comment on 'Cross-border merger, vertical structure, and spatial competition'The aim of this paper is to revise and correct the results obtained in Beladi et al. [Beladi, H., Chakrabarti, A., Marjit, S., 2010. Cross-border merger, vertical structure, and spatial competition. Economics Letters 109, 112-114]. Specifically, we prove that the Nash equilibrium locations of the downstream firms are the same in the pre-merger free-trade case as they are following a cross-border upstream merger.
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