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Persistent link: https://www.econbiz.de/10010232329
This paper uses an endogenous merger formation approach in a concentrated international oligopoly to examine the … effects of trade liberalization on the nature of merger incentives (national vs. international). The effects of unilateral … liberalization has been accompanied by an increase in international merger activity. Among equilibrium market structures …
Persistent link: https://www.econbiz.de/10011591652
Cross-border merger activity is growing in importance. We map the global trade network each year from 1989 to 2016 and … compare it to cross-border and domestic merger activity. Trade-weighted merger activity in trading partner countries has … statistically and economically significant explanatory power for the likelihood a given country will be in a merger wave state, at …
Persistent link: https://www.econbiz.de/10012854375
This paper uses an endogenous merger formation approach in a concentrated international oligopoly to examine the … effects of trade liberalization on the nature of merger incentives (national vs. international). The effects of unilateral … liberalization has been accompanied by an increase in international merger activity. Among equilibrium market structures …
Persistent link: https://www.econbiz.de/10014075702
We propose occupational decisions of heterogeneous individuals as an alternative mechanism of explaining the distribution of firm productivities emphasized by empirical studies. Thus, we integrate the frameworks of Melitz (2003), and of Manasse and Turrini (2001) that establish the theoretical...
Persistent link: https://www.econbiz.de/10009230184
There has been great focus in the recent trade theory literature on the introduction of firm heterogeneity into trade …
Persistent link: https://www.econbiz.de/10009724992
We introduce search unemployment à la Pissarides into Melitz' (2003) model of trade with heterogeneous firms. We allow wages to be individually or collectively bargained and analytically solve for the equilibrium. We find that the selection effect of trade influences labor market outcomes....
Persistent link: https://www.econbiz.de/10003656926
Persistent link: https://www.econbiz.de/10002230720
Persistent link: https://www.econbiz.de/10003402035