We study horizontal mergers in a network products market with three-firm model of spatial competition, where two merged firms become compatible at the expense product differentiation. consider different approaches to modeling rational expectations: responsive and passive. The results show that merger may reduce industry since merger-related compatibility enlarges scales for insiders amplifies d...

Abstract Differentiation is a foundational premise in the study of middle powers, as evident way that relevant literature distinguishes these states from great powers and smaller states. Despite underlying assumption differentiation, power has rarely engaged theoretically with concept. This paper seeks to make more explicit this basis differentiation by advancing new framework for behavior draw...