International trade and the incentive for merger
This article examines the profitability of horizontal merger in an open economy with Cournot competition. We find that duopoly is a necessary, but not sufficient, condition for domestic merger to be profitable. A cross-border merger, however, can be profitable from any market structure.
Year of publication: |
2011
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Authors: | Chalkley, Martin ; Stewart, Geoff |
Published in: |
Applied Economics. - Taylor & Francis Journals, ISSN 0003-6846. - Vol. 43.2011, 13, p. 1673-1677
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Publisher: |
Taylor & Francis Journals |
Saved in:
Online Resource
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