@article{Canton:37524,
      recid = {37524},
      author = {Canton, Joan and David, Maia and Sinclair-Desgagne,  Bernard},
      title = {Environmental Regulation and Horizontal Mergers in the  Eco-industry},
      address = {2008-05},
      number = {828-2016-55156},
      series = {Nota Di Lavoro},
      pages = {31},
      year = {2008},
      abstract = {This paper considers the environmental policy and welfare  implications of a merger between environment firms (i.e.,  firms managing environmental resources or supplying  pollution abatement goods and services). The traditional  analysis of mergers in Cournot oligopolies is extended in  two ways. First, we show how environmental policy affects  the incentives of environment firms to merge. Second, we  stress that mergers in the eco-industry impact welfare  beyond what is observed in other sectors, due to an extra  effect on pollution abatement efforts; this might lead to  disagreements between an anti-trust agency seeking to limit  market concentration which can be detrimental to consumer  surplus and a benevolent regulator who maximizes total  welfare.},
      url = {http://ageconsearch.umn.edu/record/37524},
      doi = {https://doi.org/10.22004/ag.econ.37524},
}