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National Champion versus Foreign Takeover

Suedekum, Jens - 2021

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...

Persistent link: https://www.econbiz.de/10013316871

Transfer pricing and the arm's length principle under imperfect competition

Choi, Jay Pil; Furusawa, Taiji; Ishikawa, Jota - 2018

This paper analyzes incentives of a multinational enterprise to manipulate an internal transfer price to take advantage of corporate-tax differences across countries under both monopoly and oligopoly. We examine "cost plus" and "comparable uncontrollable price" as two alternative implementations...

Persistent link: https://www.econbiz.de/10011924645

National champions and globalization

Südekum, Jens - In: Canadian Journal of Economics 43 (2010) 1, pp. 204-231

block foreign takeover of domestic firms and increase its incentive to allow mergers among national firms. This creation of …

Persistent link: https://www.econbiz.de/10008625979

Industry Dynamics of Offshoring : The Case of Hard Disk Drives

Igami, Mitsuru - 2017

This paper uncovers a novel pattern of offshoring dynamics in a high-tech industry, and proposes a structural model to explain it. Specifically, the hard disk drive industry (1976-98) witnessed massive waves of entry, exit, and the relocation of manufacturing plants to low-cost countries, in...

Persistent link: https://www.econbiz.de/10014188123

Cross-Border Mergers and National Champions in an Integrating Economy

Südekum, Jens - In: Journal of Institutional and Theoretical Economics (JITE) 164 (2008) 3, pp. 477-508

. Mergers can be used to appropriate rents on consumptive third markets, even when the trade policy of these countries reacts … endogenously. Competition policy inside the bloc of the two producing countries is too permissive towards mergers and acquisitions …. A policy of cross-border mergers (European champions) need not imply a conflict between regional and global welfare. In …

Persistent link: https://www.econbiz.de/10005582094

Do Two Wrongs Make a Right? Export Incentives and Bias in Trade Policy

Harris, R-G; Schmitt, N - 1996

Two exceptions to the argument that export promotion offsets import substitution are provided. The first is based on the observation that protection in small open economies produces monopolisation of the domestic market. The second qualification stems from the discretionary and contingent nature...

Persistent link: https://www.econbiz.de/10005776803

Do Two Wrongs Make a Right? Export Incentives and Bias in Trade Policy

Harris, R-G; Schmitt, N - Department of Economics, Simon Fraser University - 1996

Persistent link: https://www.econbiz.de/10005464265

Does Foreign Direct Investment Replace Home Country Investment? The Effect of European Integration on the Location of Swedish Investment.

Braunerhjelm, P.; Oxelheim, L. - Institutet för Näringslivsforskning (IFN) - 1999

The purpose of this paper is to examine the effects of European integration on the location of investments by Swedish multinational corporations (MNCs). Evidence is presented about the extent to which European integration has attracted investment by Swedish MNCs, and whether foreign direct...

Persistent link: https://www.econbiz.de/10005639295

Cross-border mergers and greenfield foreign direct investment

Stepanok, Ignat - 2010

and mergers and acquisitions (M&A). Working in a monopolistically competitive environment, merging firms do not reduce … competition. Mergers are motivated by efficiency gains and transfer of technology and expertise. Following empirical evidence, I …

Persistent link: https://www.econbiz.de/10010281390

Cross-border mergers and Greenfield foreign direct investment

Stepanok, Ignat - 2012

Persistent link: https://www.econbiz.de/10010290036