@techreport{Neary2004Cross,
abstract = {A two-country model of oligopoly in general equilibrium is used to show how changes
in market structure accompany the process of trade and capital market liberalisation. The
model predicts that bilateral mergers in which low-cost firms buy out higher-cost foreign
rivals are profitable under Cournot competition. With symmetric countries, welfare may rise
or fall, though the distribution of income always shifts towards profits. The model implies
that trade liberalisation can trigger international merger waves, in the process encouraging
countries to specialise and trade more in accordance with comparative advantage.},
author = {J. Peter Neary},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {L13; F12; F10; 330; Comparative advantage; cross-border mergers; GOLE (General Oligopolistic Equilibrium); market integration; merger waves; \"{U}bernahme; Grenze; Oligopol; Zwei-L\"{a}nder-Modell; Aussenhandelsliberalisierung; Kapitalmarktliberalisierung; Komparativer Kostenvorteil},
language = {eng},
number = {34},
title = {Cross-Border Mergers as Instruments of Comparative Advantage},
type = {CeGE discussion paper},
url = {http://hdl.handle.net/10419/22161},
year = {2004}
}
