Abstract Competition in some markets is a contest. This paper studies the merger incentives in such markets.
Merger can be profitable.
The profitability depends on the post-merger contest st ructure, the discriminatory power of the contest and on the number of contestants. The paper is available as a an Adobe Acrobat PDF File. You will require the Acrobat Reader to read it and to print it out. Click here to get a free copy of the Acrobat reader. Contact Kai A. Konrad Free University of Berlin, Department of Economics, Boltzmannstr.