Mergers in durable-goods industries: A re-examination of market power and welfare effects

Anderson, 1994, Price discrimination via second-hand markets, Eur. Econ. Rev., 38, 23, 10.1016/0014-2921(94)90003-5 Ausubel, 1989, Reputation in bargaining and durable goods monopoly, Econometrica, 57, 511, 10.2307/1911050 Bulow, 1982, Durable goods monopolists, J. Polit. Econ., 90, 314, 10.1086/261058 Bulow, 1986, An economic theory of planned obsolescence, Q. J. Econ., 101, 729, 10.2307/1884176 Butz, 1990, Durable-good monopoly and best-price provisions, Am. Econ. Rev., 80, 1062 Carlton, 2004 Carlton, D., Gertner, R., 1989. Market power and mergers in durable-good industries, J. Law Econ., 32, pp. S203–S226. Chen, 2013, When do secondary markets harm firms?, Am. Econ. Rev., 103, 2911, 10.1257/aer.103.7.2911 Coase, 1972, Durability and monopoly, J. Law Econ., 15, 143, 10.1086/466731 Esteban, 2007, Durable-goods oligopoly with secondary markets: the case of automobiles, Rand J. Econ., 38, 332, 10.1111/j.1756-2171.2007.tb00071.x Froeb, 1989, Evaluating mergers in durable good industries, Antitrust Bull., 34, 99 Fudenberg, 1998, Upgrades, trade-ins, and buybacks, Rand J. Econ., 29, 235, 10.2307/2555887 Gerstle, 2003 Gul, 1986, Foundations of dynamic monopoly and the coase conjecture, J. Econ. Theory, 39, 155, 10.1016/0022-0531(86)90024-4 Hendel, 1999, Interfering with Secondary Markets, Rand J. Econ., 30, 1, 10.2307/2556043 Johnson, 2010, Leasing, Lemons, and Moral Hazard, J. Law Econ., 53, 307, 10.1086/648384 Judge, 1985 Karp, 1996, The optimal suppression of a low-cost technology by a durable-good monopoly, Rand J. Econ., 27, 346, 10.2307/2555931 Kutsoati, 2005, The effects of learning-by-doing on product innovation by a durable good monopolist, Int. J. Ind. Organ., 23, 83, 10.1016/j.ijindorg.2004.10.001 Mann, 1992, Durable goods monopoly and maintenance, Int. J. Ind. Organ., 10, 65, 10.1016/0167-7187(92)90048-4 Maskin, 1984, Monopoly with Incomplete Information, Rand J. Econ., 15, 171, 10.2307/2555674 Moorthy, 1992, Market segmentation, cannibalization, and the timing of product introductions, Manag. Sci., 38, 345, 10.1287/mnsc.38.3.345 Morita, 2004, Durable goods, monopoly maintenance, and time inconsistency, J. Econ. Manag. Strategy, 13, 273, 10.1111/j.1530-9134.2004.00011.x Mussa, 1978, Monopoly and product quality, J. Econ. Theory, 18, 301, 10.1016/0022-0531(78)90085-6 Nickerson, 1995, Durable goods and horizontal merger analysis, Rev. Ind. Organ., 10, 209, 10.1007/BF01029677 Perry, 1991, Optimal tractor replacement: what matters?, Rev. Agric. Econ., 13, 119, 10.2307/1349562 Reitman, D., 2001. Mergers in Durable Goods Markets with Rational Customers, U.S. Department of Justice, Antitrust Division, Economic Analysis Group Discussion Paper, EAG 01-8. Rust, 1986, When is it optimal to kill off the market for used durable goods?, Econometrica, 54, 65, 10.2307/1914157 Sagasta, 2008, Mergers in durable goods industries, J. Econ. Behav. Organ., 68, 691, 10.1016/j.jebo.2008.08.002 Schmalensee, 1979, Market structure, durability, and quality: a selective survey, Econ. Inq., 17, 177, 10.1111/j.1465-7295.1979.tb00307.x Shapiro, 1989, Market power and mergers in durable goods industries: comment, J. Law Econ., 32, S227, 10.1086/467195 Sieper, 1973, Monopoly and competition in the market for durable goods, Rev. Econ. Stud., 40, 333, 10.2307/2296454 Stokey, 1981, Rational Expectations and Durable Goods Pricing, Bell J. Econ., 12, 112, 10.2307/3003511 Swan, 1970, Durability of consumption goods, Am. Econ. Rev., 60, 884 Swan, 1971, The durability of goods and regulation of monopoly, Bell J. Econ., 2, 347, 10.2307/3003172 Tirole, 1988 U.S. Dept. of Justice, 1997. Horizontal Merger Guidelines, Revised. Vives, 2001 Waldman, 1996, Durable goods pricing when quality matters, J. Bus., 69, 489, 10.1086/209702 Waldman, 1996, Planned obsolescence and the R&D decision, Rand J. Econ., 27, 483, 10.2307/2555845 Waldman, 1997, Eliminating the market for secondhand goods: an alternative explanation for leasing, J. Law Econ., 40, 61, 10.1086/467366 Waldman, 2003, Durable goods theory for real world markets, J. Econ. Perspect., 17, 131, 10.1257/089533003321164985 Wicksell, 1934, Volume 1