Publications-Theses

題名 水平式合併之廠商獲利性與福利效果
作者 林靜怡
貢獻者 林柏生
林靜怡
關鍵詞 水平式合併
open-loop策略
closed-loop memoryless策略
feedback策略
日期 2005
上傳時間 18-Sep-2009 14:12:13 (UTC+8)
摘要 本文採用數值模擬的方式,在價格具僵固性的無窮期動態Cournot模型中,探討水平式合併對廠商獲利能力及社會總福利的影響。可以發現不論市場價格調整速度的快慢,當廠商採取open-loop策略時,加入合併的廠商家數佔總產業比例必須達到某個水準,合併才會有利可圖。如果廠商使用feedback或closed-loop memoryless策略,則不論合併的廠商家數多寡,合併都能使廠商獲利。然而無論合併是否能為廠商帶來更多的利潤,只要市場上發生水平式合併,必然造成社會福利的損失。
參考文獻 1. Benchekroun, Hassan. 2003. "The closed-loop effect and the profitability of horizontal mergers." Canadian Journal of Economics 36(3):546-565.
2. Cellini, R. and L. Lambertini. 2004. "Dynamic oligopoly with sticky prices: closed-loop, feedback, and open-loop solutions." Journal of Dynamical and Contral Systems 10(3):303-314.
3. Dockner, E. J., S. Jørgensen, N. V. Long and G. Sorger. 2000. Differential games in economics and management science. Cambridge: Cambridge University Press.
4. Dockner, E. J. and N. V. Long. 1993. "International pollution control: cooperative versus noncooperative strategies." Journal of Environmental Economics and Management 24:13-29.
5. Dockner, Engelbert J. and Andrea Gaunersdorfer. 2001. "On the profitability of horizontal mergers in industries with dynamic competition." Japan and the World Economy 13:195-216.
6. Fershtman, C. and M. Kamien. 1987. "Dynamic duopolistic competition with sticky prices." Econometrica 55(5):1151-1164.
7. Fershtman, C. and M. I. Kamien. 1987. "Identification of classes of differential games for which the open-loop is a degenerated feedback Nash equilibrium." Journal of Optimization Theory and Applications 55:217-231.
8. Gowrisankaran, G. 1999. "A dynamic model of endogenous horizontal mergers." RAND Journal of Economics 30(1):56-83.
9. Mehlamnn, A. and R. Willing. 1983. "On nonunique closed-loop Nash equilibria for a class of differential games with a unique and degenerate feedback solution." Journal of Optimization Theory and Applications 41:463-472.
10. Pakes, A. 2004. Lecture8: Graduate Industrial Organization. Some notes on mergers and antitrust analysis.
http://www.hecer.fi/FDPE/documents/ER105/ER105_ln7_Lecture8.pdf
11. Perry, M. K. and R. H. Porter. 1985. "Oligopoly and the incentive for horizontal merger." American Economic Review 75:219-227.
12. Reinganum, J. 1982. "A class of differential games for which the closed loop and open loop Nash equilibria coincide." Journal of Optimization Theory and Applications 36:253-262.
13. Rubio, S. J. and B. Casino. 2002. "A note on cooperative versus non-cooperative strategies in international pollution control." Resource and Energy Economics 24:251-261.
14. Salant, S. W., S. Switzer and R. J. Reynolds. 1983. "Losses from horizontal merger: the effects of an exogenous change in industry structure on Cournot-Nash equilibrium." Quarterly Journal of Economics 98:185-199.
15. Schmidt, J. H., F. Ilzkovitz and R. Meiklejohn etc. 2005. "Mergers and acquisitions. Note N° 2.".
http://ec.europa.eu/economy_finance/publications/structural_policies/2005/ma2e
n.pdf
16. Tsutsui, S. and K. Mino. 1990. "Nonlinear strategies in dynamic duopolistic competition with sticky prices." Journal of Economic Theory 52:136-161.
描述 碩士
國立政治大學
國際經營與貿易研究所
93351036
94
資料來源 http://thesis.lib.nccu.edu.tw/record/#G0093351036
資料類型 thesis
dc.contributor.advisor 林柏生zh_TW
dc.contributor.author (Authors) 林靜怡zh_TW
dc.creator (作者) 林靜怡zh_TW
dc.date (日期) 2005en_US
dc.date.accessioned 18-Sep-2009 14:12:13 (UTC+8)-
dc.date.available 18-Sep-2009 14:12:13 (UTC+8)-
dc.date.issued (上傳時間) 18-Sep-2009 14:12:13 (UTC+8)-
dc.identifier (Other Identifiers) G0093351036en_US
dc.identifier.uri (URI) https://nccur.lib.nccu.edu.tw/handle/140.119/35117-
dc.description (描述) 碩士zh_TW
dc.description (描述) 國立政治大學zh_TW
dc.description (描述) 國際經營與貿易研究所zh_TW
dc.description (描述) 93351036zh_TW
dc.description (描述) 94zh_TW
dc.description.abstract (摘要) 本文採用數值模擬的方式,在價格具僵固性的無窮期動態Cournot模型中,探討水平式合併對廠商獲利能力及社會總福利的影響。可以發現不論市場價格調整速度的快慢,當廠商採取open-loop策略時,加入合併的廠商家數佔總產業比例必須達到某個水準,合併才會有利可圖。如果廠商使用feedback或closed-loop memoryless策略,則不論合併的廠商家數多寡,合併都能使廠商獲利。然而無論合併是否能為廠商帶來更多的利潤,只要市場上發生水平式合併,必然造成社會福利的損失。zh_TW
dc.description.tableofcontents 第一章 導論 3
第二章 模型設定 7
第一節 二次線性動態Cournot競爭模型 7
第二節 open-loop、closed-loop memoryless及
feedback策略與均衡之差異 9
第三章 靜態均衡與open-loop、feedback策略均衡 13
第一節 靜態Cournot均衡 13
第二節 open-loop策略均衡 16
第三節 feedback策略均衡 19
第四章 closed-loop memoryless策略均衡 25
第一節 合併前之closed-loop memoryless策略均衡 25
第二節 合併後之closed-loop memoryless策略均衡 27
第五章 水平式合併策略均衡之結果分析 32
第一節 水平式合併之廠商獲利性 32
第二節 水平式合併之福利效果 40
第六章 結論與建議 45
附錄 47
附錄一、合併後之stationary open-loop Nash equilibrium 47
附錄二、合併後之stationary feedback-perfect Nash equilibrium 50
參考文獻 54
zh_TW
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dc.language.iso en_US-
dc.source.uri (資料來源) http://thesis.lib.nccu.edu.tw/record/#G0093351036en_US
dc.subject (關鍵詞) 水平式合併zh_TW
dc.subject (關鍵詞) open-loop策略zh_TW
dc.subject (關鍵詞) closed-loop memoryless策略zh_TW
dc.subject (關鍵詞) feedback策略zh_TW
dc.title (題名) 水平式合併之廠商獲利性與福利效果zh_TW
dc.type (資料類型) thesisen
dc.relation.reference (參考文獻) 1. Benchekroun, Hassan. 2003. "The closed-loop effect and the profitability of horizontal mergers." Canadian Journal of Economics 36(3):546-565.zh_TW
dc.relation.reference (參考文獻) 2. Cellini, R. and L. Lambertini. 2004. "Dynamic oligopoly with sticky prices: closed-loop, feedback, and open-loop solutions." Journal of Dynamical and Contral Systems 10(3):303-314.zh_TW
dc.relation.reference (參考文獻) 3. Dockner, E. J., S. Jørgensen, N. V. Long and G. Sorger. 2000. Differential games in economics and management science. Cambridge: Cambridge University Press.zh_TW
dc.relation.reference (參考文獻) 4. Dockner, E. J. and N. V. Long. 1993. "International pollution control: cooperative versus noncooperative strategies." Journal of Environmental Economics and Management 24:13-29.zh_TW
dc.relation.reference (參考文獻) 5. Dockner, Engelbert J. and Andrea Gaunersdorfer. 2001. "On the profitability of horizontal mergers in industries with dynamic competition." Japan and the World Economy 13:195-216.zh_TW
dc.relation.reference (參考文獻) 6. Fershtman, C. and M. Kamien. 1987. "Dynamic duopolistic competition with sticky prices." Econometrica 55(5):1151-1164.zh_TW
dc.relation.reference (參考文獻) 7. Fershtman, C. and M. I. Kamien. 1987. "Identification of classes of differential games for which the open-loop is a degenerated feedback Nash equilibrium." Journal of Optimization Theory and Applications 55:217-231.zh_TW
dc.relation.reference (參考文獻) 8. Gowrisankaran, G. 1999. "A dynamic model of endogenous horizontal mergers." RAND Journal of Economics 30(1):56-83.zh_TW
dc.relation.reference (參考文獻) 9. Mehlamnn, A. and R. Willing. 1983. "On nonunique closed-loop Nash equilibria for a class of differential games with a unique and degenerate feedback solution." Journal of Optimization Theory and Applications 41:463-472.zh_TW
dc.relation.reference (參考文獻) 10. Pakes, A. 2004. Lecture8: Graduate Industrial Organization. Some notes on mergers and antitrust analysis.zh_TW
dc.relation.reference (參考文獻) http://www.hecer.fi/FDPE/documents/ER105/ER105_ln7_Lecture8.pdfzh_TW
dc.relation.reference (參考文獻) 11. Perry, M. K. and R. H. Porter. 1985. "Oligopoly and the incentive for horizontal merger." American Economic Review 75:219-227.zh_TW
dc.relation.reference (參考文獻) 12. Reinganum, J. 1982. "A class of differential games for which the closed loop and open loop Nash equilibria coincide." Journal of Optimization Theory and Applications 36:253-262.zh_TW
dc.relation.reference (參考文獻) 13. Rubio, S. J. and B. Casino. 2002. "A note on cooperative versus non-cooperative strategies in international pollution control." Resource and Energy Economics 24:251-261.zh_TW
dc.relation.reference (參考文獻) 14. Salant, S. W., S. Switzer and R. J. Reynolds. 1983. "Losses from horizontal merger: the effects of an exogenous change in industry structure on Cournot-Nash equilibrium." Quarterly Journal of Economics 98:185-199.zh_TW
dc.relation.reference (參考文獻) 15. Schmidt, J. H., F. Ilzkovitz and R. Meiklejohn etc. 2005. "Mergers and acquisitions. Note N° 2.".zh_TW
dc.relation.reference (參考文獻) http://ec.europa.eu/economy_finance/publications/structural_policies/2005/ma2ezh_TW
dc.relation.reference (參考文獻) n.pdfzh_TW
dc.relation.reference (參考文獻) 16. Tsutsui, S. and K. Mino. 1990. "Nonlinear strategies in dynamic duopolistic competition with sticky prices." Journal of Economic Theory 52:136-161.zh_TW