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Capital Concentration and Social Welfare Change

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Czerwonka L.
Pieniądze i Więź
|
2008
|
vol. 11
|
issue 2(39)
135-141
EN
Merger may reduce social welfare by increasing merging units' market value and buying power but it may also lead to various efficiency gains. Therefore, merger may possibly enhance welfare. To analyse the influence of horizontal integration on social welfare it is necessary to study the mechanisms of such influence.
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