We analyze an oligopolistic market where a domestic and a foreign firm are engaged in a takeover battle for a domestic competitor. Any merger or acquisition (M&A) must be approved by a welfare maximizing domestic competition agency which may or may not be prone to "economic patriotism". A...

Conceptual framework -- No haste : the 1996 national development conference -- Active opening, effective management : the 2001 economic development advisory conference -- Active management, effective opening : the 2006 conference on sustaining Taiwan's economic development -- "Prosper again" :...

Governments in several countries have recently spent considerable effort to defend domestic firms against acquisition attempts from abroad and instead favoured mergers among national firms. In this paper we offer an explanation why globalization can reinforce the case for promoting "national...