Chalkley, Martin

Stewart, Geoff

English

In this paper we consider whether a movement towards freer international trade generates incentives for firms to merge and if so what forms of merger are most profitable. In a linear Cournot framework we show that a reduction in trade costs may, but will not necessarily, encourage mergers. Both market structure and the level to which trade costs fall are shown to play a decisive role. Domestic mergers will be encouraged only if the product market is not highly concentrated and trade costs fall below a threshold level. International mergers can be encouraged in any market structure, and are generally more profitable than domestic mergers

University of Dundee Online Publications

European mergers and merger policy.”

Horizontal concentration and European merger policy.”

Horizontal mergers and competition policy in the European Community.”

Industrial organisation in the European Union.”

International merger activity and the national regulation of mergers: a UK perspective.”

International mergers and welfare under decentralized competition policy.”

Losses from horizontal merger: the effects of an exogenous change in industry structure on Cournot-Nash equilibrium.”

Merger policy in open economies.”

Mergers and trade policy under oligopoly.”

Mergers in open economies.”

On merger profitability in a Cournot setting.”

On the price effects of mergers with freer trade.”

The effects of trade liberalization on costreducing horizontal mergers.”

Trade and competition policies: concordia discors?”

Trade liberalization and the profitability of domestic mergers.”

Two remarks on the equilibrium analysis of horizontal merger.”

Dundee Discussion Papers in Economics 174:Trade liberalisation, market structure and the incentive to merge

http://discovery.dundee.ac.uk/ws/files/109144/DDPE_174.pdf

Dundee Discussion Papers in Economics 174:Trade liberalisation, market structure and the incentive to merge

Abstract

Similar works

Full text

Available Versions

University of Dundee Online Publications

University of Dundee Online Publications