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Cross-border mergers in vertically related industries

Beladi, Hamid; Chakrabarti, Avik; Marjit, Sugata - In: European Economic Review 59 (2013) C, pp. 97-108

firm in another country (target) when the industry is vertically related. Absent any merger incentives in an autarkic … pre-merger competition among the disintegrated firms is relatively intense but, otherwise, the initial target will be a …

Persistent link: https://www.econbiz.de/10010688165

Strategic Trade Policies with Endogenous Choice of Competition Mode under a Vertical Structure

Choi, Kangsik; Lim, Seonyoung - Volkswirtschaftliche Fakultät, … - 2014

This paper examines the endogenous choice of competition mode with strategic export policies in vertically related markets. We show that (i) regardless of the nature of goods, choosing Bertrand competition is the dominant strategy for downstream firms, which leads downstream firms to face a...

Persistent link: https://www.econbiz.de/10011114015

International trade with endogenous mode of competition in general equilibrium

Neary, J. Peter; Tharakan, Joe - In: Journal of International Economics 86 (2012) 1, pp. 118-132

This paper endogenizes the extent of intra-sectoral competition in a multi-sectoral general-equilibrium model of oligopoly and trade. Firms choose capacity followed by prices. If the benefits of capacity investment in a given sector are below a threshold level, the sector exhibits Bertrand...

Persistent link: https://www.econbiz.de/10011056344

Cross-Border Mergers as Instruments of Comparative Advantage

Neary, J. Peter - Center for European, Governance and Economic … - 2004

international merger waves, in the process encouraging countries to specialise and trade more in accordance with comparative …

Persistent link: https://www.econbiz.de/10010954392

Unlocking the Value of Cross-Border Mergers and Acquisitions

Brakman, Steven; Garita, Gus; Garretsen, Harry; … - CESifo - 2008

Most FDI takes place between the developed countries, which suggests that the market-seeking motive is important for understanding FDI. However, given the stylized fact that trade barriers (e.g. transportation costs and financial barriers) have declined over the past 20 years, models that aim to...

Persistent link: https://www.econbiz.de/10005094463

Cross-border Mergers and Acquisitions: On Revealed Comparative Advantage And Merger Waves

Brakman, Steven; Garretsen, Harry; Marrewijk, Charles van - Tinbergen Institute - 2007

By combining two large data sets (on international trade flows and cross-border mergers and acquisitions – M&As), we … interaction between firms in a general equilibrium setting). In terms of economic importance, the dominant merger wave variable is … a positive global-all effect, indicating that M&A waves are an economy-wide, global phenomenon. Country-specific merger …

Persistent link: https://www.econbiz.de/10005016270

Endogenous Mode of Competition in General Equilibrium

Neary, J Peter; Tharakan, Joe - School of Economics, University College Dublin - 2005

This paper endogenises the extent of intra-sectoral competition in a multi-sectoral model of oligopoly in general equilibrium. Firms choose capacity followed by prices. If the benefits of capacity investment in a given sector are below a threshold level, the sector exhibits Bertrand behaviour,...

Persistent link: https://www.econbiz.de/10005652936