, with segmented product markets, undergoing trade liberalization. I explicitly model the asset markets as well as the … different segmented markets as a crucial factor for determining whether merger waves are triggered by trade liberalization. The … that trade liberalization induces an international merger wave that may harm consumers by raising product prices in …

, with segmented product markets, undergoing trade liberalization. I explicitly model the asset markets as well as the … different segmented markets as a crucial factor for determining whether merger waves are triggered by trade liberalization. The … that trade liberalization induces an international merger wave that may harm consumers by raising product prices in …

methodology proposed by Theodore H. Moran according to which trade works as a safety net to compensate for the unexpected …