Endogenous Merger Decisions Among Competitors: Impact of Limited Capacity and Loyal Segments
References
- (2022) When the chips are down: How the semiconductor industry is dealing with a worldwide shortage. The World Economic Forum. Accessed September 12, 2024, https://www.weforum.org/agenda/2022/02/semiconductor-chip-shortage-supply-chain/.Google Scholar
- (2024) Benefits of collaboration on capacity investment and allocation. Production Oper. Management 33(1):128–145.Crossref, Google Scholar
- (1959) Acceptable points in general cooperative n-person games. Tucker AW, Luce RD, eds. Contributions to the Theory of Games IV (Princeton University Press, Princeton, NJ), 287–324.Crossref, Google Scholar
- (2021) From cars to toasters, America’s semiconductor shortage is wreaking havoc on our lives. Can we fix it? Time. Accessed September 12, 2024, https://time.com/6075425/semiconductor-chip-shortage/.Google Scholar
- (2021) Coping with the auto-semiconductor shortage: Strategies for success. McKinsey & Company. Accessed September 12, 2024, https://www.mckinsey.com/industries/automotive-and-assembly/our-insights/coping-with-the-auto-semiconductor-shortage-strategies-for-success#/.Google Scholar
- (2021) The interactions of R&D investments and horizontal mergers. J. Econom. Behav. Organ. 187:507–534.Crossref, Google Scholar
- (2014) Horizontal mergers in multitier decentralized supply chains. Management Sci. 60(2):356–379.Link, Google Scholar
- (2017) Newsvendor mergers. Management Sci. 63(2):298–316.Link, Google Scholar
- (1994) Farsighted coalitional stability. J. Econom. Theory 63(2):299–325.Crossref, Google Scholar
- (1995) On the existence of pure strategy Bertrand equilibrium. Econom. Theory 5(1):19–32.Crossref, Google Scholar
- (1984) Horizontal mergers and collusive behavior. Internat. J. Indust. Organ. 2(2):117–132.Crossref, Google Scholar
- (1985) Incentives to form coalitions with Bertrand competition. RAND J. Econom. 16(4):473–486.Crossref, Google Scholar
- (2014) Stability and endogenous formation of inventory transshipment networks. Oper. Res. 62(6):1316–1334.Link, Google Scholar
- (1990) Horizontal mergers: An equilibrium analysis. Amer. Econom. Rev. 80(1):107–126.Google Scholar
- (2016) Sequential multiproduct price competition in supply chain networks. Oper. Res. 64(1):135–149.Link, Google Scholar
- (2005) Formation of alliances in internet-based supply exchanges. Management Sci. 51(1):92–105.Link, Google Scholar
- (2008) Competition and cooperation in decentralized push and pull assembly systems. Management Sci. 54(4):733–747.Link, Google Scholar
- (2001) Endogenous mergers in concentrated markets. Internat. J. Indust. Organ. 19(8):1213–1244.Crossref, Google Scholar
- (2013) Revenue sharing in airline alliances. Management Sci. 59(5):1177–1195.Link, Google Scholar
- Intel (2022) Intel to acquire Tower Semiconductor for $5.4 billion. Accessed September 12, 2024, https://www.intc.com/news-events/press-releases/detail/1527/intel-to-acquire-tower-semiconductor-for-5-4-billion.Google Scholar
- (2006) Supplier coalitions in on-line reverse auctions: Validity requirements and profit distribution scheme. Internat. J. Production Econom. 100(2):183–194.Crossref, Google Scholar
- (2021) Benefits of customer loyalty in markets with endogenous search costs. Management Sci. 67(4):2171–2190.Link, Google Scholar
- (2020) Strategic capacity planning problems in revenue-sharing joint ventures. Production Oper. Management 29(3):664–687.Crossref, Google Scholar
- (2013) Search costs, demand-side economies, and the incentives to merge under Bertrand competition. RAND J. Econom. 44(3):391–424.Crossref, Google Scholar
- (2007) Stable farsighted coalitions in competitive markets. Management Sci. 53(1):29–45.Link, Google Scholar
- (2009) Coalition stability in assembly models. Oper. Res. 57(1):131–145.Link, Google Scholar
- (1988) Competitive promotional strategies. J. Bus. 61(4):427–449.Crossref, Google Scholar
- (1985) Oligopoly and the incentive for horizontal merger. Amer. Econom. Rev. 75(1):219–227.Google Scholar
- (2007) Merger waves: A model of endogenous mergers. RAND J. Econom. 38(1):214–226.Crossref, Google Scholar
- (2017) Win-win capacity allocation contracts in coproduction and codistribution alliances. Management Sci. 63(3):861–881.Link, Google Scholar
- (1983) Losses from horizontal merger: The effects of an exogenous change in industry structure on Cournot-Nash equilibrium. Quart. J. Econom. 98(2):185–199.Crossref, Google Scholar
- (2020) Evaluating horizontal mergers in the presence of price promotions. Quant. Marketing Econom. 18(1):39–60.Crossref, Google Scholar
- (2006) Transshipment of inventories among retailers: Myopic vs. farsighted stability. Management Sci. 52(10):1493–1508.Link, Google Scholar
- (1982) Contributions to Cournot oligopoly theory. J. Econom. Theory 28(1):51–70.Crossref, Google Scholar
- Texas Instruments (2011a) Texas Instruments completes acquisition of National Semiconductor. Accessed September 12, 2024, https://investor.ti.com/news-releases/news-release-details/texas-instruments-completes-acquisition-national-semiconductor.Google Scholar
- Texas Instruments (2011b) TI to acquire National Semiconductor. Accessed September 12, 2024, https://investor.ti.com/news-releases/news-release-details/ti-acquire-national-semiconductor.Google Scholar
- UK Competition and Markets Authority (2021) Merger assessment guidelines. Accessed September 12, 2024, https://www.gov.uk/government/publications/merger-assessment-guidelines.Google Scholar
- U.S. Department of Justice and Federal Trade Commission (2010) Horizontal merger guidelines. Accessed September 12, 2024, https://www.justice.gov/atr/horizontal-merger-guidelines-08192010.Google Scholar
- (1980) A model of sales. Amer. Econom. Rev. 70(4):651–659.Google Scholar
- (2010) Alliance formation among perfectly complementary suppliers in a price-sensitive assembly system. Manufacturing Service Oper. Management 12(3):527–544.Link, Google Scholar

