We study the profitability incentives of merger and the endogenous industry structure in a strategic trade policy …. incentives to give subsidies to their local firms. National merger induces more strategic trade policy, whereas international … environment. Merger changes the strategic trade policy equlilibrium. We show that merger can be profitable and welfare enhancing …

Merged firms are typically rather complex organizations. Accordingly, merger has a more profound effect on the … structure of a market than simply reducing the number of competitors. We show that this may render horizontal mergers profitable … and welfare-improving even if costs are linear. The driving force behind these results, which help to reconcile theory …

Merged firms are typically rather complex organisations. Accordingly, merger has a more profound effect on the … structure of a market than simply reducing the number of competitors. We show that this may render horizontal mergers profitable … and welfare-improving even if costs are linear. The driving force behind these results, which help to reconcile theory …

We study the profitability incentives of mergers and the endogenous industry structure in a strategic trade policy …' incentives to give subsidies to their local firms. A national merger induces more strategic trade policy, whereas an … environment. Mergers change the strategic trade policy equlilibrium. We show here that mergers can be profitable and welfare …

, in line with economic theory, that firms with no market power are able to shift a high share of a tax burden on to …

, in line with economic theory, that firms with no market power are able to shift a high share of a tax burden on to …-Märkten. Im Einklang mit der ökonomischen Theorie sind Firmen ohne Marktmacht in der Lage, einen großen Anteil der Last einer …

, in line with economic theory, that firms with no market power are able to shift a high share of a tax burden on to …

, in line with economic theory, that firms with no market power are able to shift a high share of a tax burden on to …

, in line with economic theory, that firms with no market power are able to shift a high share of a tax burden on to …

Verkaufsanstrengungen auf alle Produkte verteilen („Kollusion“) oder ob sie die Anzahl ihrer Produkte reduzieren („Fusion“). Wir zeigen, daß …, in denen Kooperation in Form von „Kollusion“ oder „Fusion“ für die kooperierenden Unternehmen profitabel ist. …