Méndez Naya, José Antonio - In: Estudios de economía 39 (2012) 1, pp. 87-104
is analyzed both mergers sustainability and their relative effects on welfare. It is proved that the merger between the … public firm and either the national or the international private firm is preferred, from a welfare point of view, to the … merger between the two private firms if the degree of privatization is relatively low and the foreign ownership of the merged …
