International trade and the incentive for merger
This paper 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. <br><br> Keywords; merger, international trade, oligopoly
Year of publication: |
2010-03-01
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Authors: | Stewart, Geoff ; Chalkley, Martin |
Institutions: | Economics Division, University of Southampton |
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