第二章，是针对横向兼并进行分析的。
In chapter 2, analysis is made in view of horizontal merger.
本文从市场结构的角度考察了企业横向兼并动机。
This paper investigates the motivations of firms' engaging in horizontal mergers from the aspect of market structure.
企业兼并可分为横向兼并、纵向兼并和混合兼并三种类型。
The merger and acquisition (M&A) fall into three main categories: horizontal M&A, vertical M&A and mixed M&A.
横向兼并可以被看作是一个市场中的或跨市场的横向一体化。
Horizontal mergers can be viewed as horizontal integration of firms in a market or across markets.
企业横向兼并的动因主要是规模经济动因、管理协同动因和市场垄断动因。
The motives of horizontal mergers contain economies of scale, synergy, and monopoly mainly.
横向兼并（横向并购）：是指生产和销售同类产品的竞争企业之间的合并。
Merger between firms that produce and sell the same products, i. e. , between competing firms.
最后，建立起横向兼并模型，也给出了提高能量效率的充分条件，并且举例说明了如何进行决策。
Finally, it sets up the model which discusses horizontal mergers and gives the sufficient conditions for increasing energy efficiency and presents an example to illustrate how to make decision.
对古诺均衡状态下企业竞争进行了分析，通过引入竞争对手间反应函数的概念，对横向兼并后企业运行的决策进行了研究。
By introduction of rivals reaction function the strategic decisions of mergered firms are discussed, from which some interesting conclusions are drawn.
第一、公司兼并收购，依被并购对象所在行业部门来划分，被分为横向并购、纵向并购，混合并购。
Firstly, according to merger objectives' industry, mergers are often categorized as horizontal, vertical, mixed or conglomerate mergers;
第一、公司兼并收购，依被并购对象所在行业部门来划分，被分为横向并购、纵向并购，混合并购。
Firstly, according to merger objectives' industry, mergers are often categorized as horizontal, vertical, mixed or conglomerate mergers;
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