The paper proves the consistency of vertical and horizontal differentiation models regarding the finiteness property. In the case of constant returns, it turns out that the attitude of consumers ...

Companies that pursue a horizontal acquisition strategy take over or merge with companies in a similar market sector and at the same stage of production. The aim is to acquire additional products or ...

In recent years, government antitrust enforcement agencies (the Federal Trade Commission, Department of Justice, and State Attorneys General) have devoted extensive resources—and have had some success ...