. Due to the globalization of markets we should take an international view on mergers and their welfare effects. This paper … develops a Bertrand-model of an international heterogeneous market. It shows that there are neither positive incentives to … merge nor positive international welfare effects from a merger if there are no positive synergy effects. Furthermore, it …

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 …. If the other country practices free trade, unilateral liberalization by a country yields international mergers whereas if …