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 … liberalization has been accompanied by an increase in international merger activity. Among equilibrium market structures …

Oligopoly theory suggests that anti-competitive mergers may be held up because firms outside the merger stand to … solution to the cross-border merger game is robust across this class of oligopoly models and is such that (i) cross … cross-border mergers by embedding a class of oligopoly models -- where mergers are anti-competitive and firms' actions are …