Abstract
Should mergers among nonprofit organizations be assessed differently than mergers among for-profit firms? A recent debate in law and economics, boosted by apparently one-sided court decisions, has produced the result that promoting competition is socially valuable regardless of the particular objectives of producers. In this paper, I challenge the general validity of this result by showing that it may indeed depend on the particular objectives of producers whether a merger between two nonprofits is welfare-decreasing or -increasing. This implies that it is impossible to assess the net effects of a merger between two nonprofits without examining the objectives of the owners involved.
| Original language | English |
|---|---|
| Article number | nhq015 |
| Pages (from-to) | 69-92 |
| Number of pages | 24 |
| Journal | Journal of Competition Law and Economics |
| Volume | 7 |
| Issue number | 1 |
| DOIs | |
| Publication status | Published - Mar 2011 |