| 研究実績の概要 |
The paper "Conglomerate mergers and competition: A game theoretic approach with research and development investments" was completed. The study employs a theoretical model where oligopolistic firms in technologically related markets choose to engage in conglomerate mergers to shift research and development (R&D) capabilities. It fully characterizez the equilibrium market outcomes and the underlying merger decisions. The model predicts that in symmetric equilibria, the firms focus their R&D investments on the market with better prospects of profits. The competitive framework is not disrupted in symmetric equilibria. In asymmetric equilibria, the firms selectively invest in R&D to avoid competition.
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| 現在までの達成度 (区分) |
現在までの達成度 (区分)
2: おおむね順調に進展している
理由
The paper is completed. The paper was published as a KIER Discussion Paper under the tittle Allocating investments in conglomerate mergers: A game theoretic approach. The paper was presented in the Annual Conference of the European Association for Research in Industrial Economics (EARIE), the OLIGO Workshop, the ISS Industrial Organization Workshop at Tokyo University, the Contract Theory Workshop on Zoom, the Japan Association for Applied Economics Autumn Meeting, the Japanese Economic Association Autumn Meeting and the BBL Workshop at Kyoto University. It is being submitted to international peer-review journals.
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