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- W1514508791 abstract "In a context of economic integration, we analyse the strategic effect of wo policies: merger policy and state aid policy. When governments play a Stackelberg policy game before firms compete in the market we find that: a) only under certain conditions, the leader country chooses a merger policy and, b) there is a policy equivalence in welfare terms for the follower. A centralised policy decision is welfare improving relative to the strategic policy game and equals total welfare of the area under autarky. Besides, there always exists a social incentive to propose mergers and both, the state aid level and the state aid expenditure, are lower." @default.
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- W1514508791 date "1998-01-01" @default.
- W1514508791 modified "2023-09-24" @default.
- W1514508791 title "Strategic trade policy and international economic integration" @default.
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