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We introduce a simple oligopolistic trade model with international transportation costs, and analyze the profitability … and the social desirability of national vs. international mergers in relation to three different issues, (i) the level of …. -- mergers ; national champions ; international trade ; economic integration …
Persistent link: https://www.econbiz.de/10003355552
We develop a theory of a firm in an environment with incomplete contracts. The firm's headquarter decides on the complexity, the organization, and the global scale of its production process. Specifically, it decides: i) on the mass of symmetric intermediate inputs that are part of the value...
Persistent link: https://www.econbiz.de/10009300131
The aim of this paper is to evaluate the causal effect of foreign acquisition on R&D intensity in targeted domestic firms. We are able to distinguish domestic multinationals and nonmultinationals, which allows us to investigate the fear that the change in ownership of domestic to foreign...
Persistent link: https://www.econbiz.de/10009153574
Persistent link: https://www.econbiz.de/10001760443
Persistent link: https://www.econbiz.de/10001800174
international taxation - on cross-border mergers and acquisitions (M&A) involving large multinational enterprises (MNEs). First, the …
Persistent link: https://www.econbiz.de/10014279899
This paper explores the quantitative consequences of transatlantic trade liberalization envisioned in a Transatlantic Trade and Investment Partnership (TTIP) between the United States and the European Union. Our key innovation is to develop a new quantitative spatial trade model and to use an...
Persistent link: https://www.econbiz.de/10010516481
.9%, as hypothesized by monopsony theory. Based on a simple merger simulation, we find that a merger between the top two …
Persistent link: https://www.econbiz.de/10012213951
Recent studies indicate that firms often outsource standard and simple tasks, while keeping complex and important inputs inside their boundaries. This observation is difficult to reconcile with the property rights approach of the firm, which suggests that important components should be...
Persistent link: https://www.econbiz.de/10009539235
and labor markets differs across firms that engage in different forms of internationalization. Engagement in international …
Persistent link: https://www.econbiz.de/10011776033