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- W2765862514 abstract "We use a simple framework where firms in two countries serve their respective domestic markets and a world market to analyze under which conditions cost-reducing mergers will be beneficial for the merging firms, the home country, and the world as a whole. For a national merger, the policies enacted by a national merger authority tend to be overly restrictive from a global efficiency perspective. In contrast, all international mergers that benefit the merging firms will be cleared by either a national or a regional regulator, and this laissez-faire approach is also globally efficient. Finally, we derive the properties of the endogenous merger equilibrium." @default.
- W2765862514 created "2017-11-10" @default.
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- W2765862514 date "2005-01-01" @default.
- W2765862514 modified "2023-09-30" @default.
- W2765862514 title "Merger Policy to Promote ‘Global Players’? A Simple Model" @default.
- W2765862514 hasPublicationYear "2005" @default.
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