|
EconStor >
ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/18987
|
| | |
| Title: | | Merger policy to promote "global players"? : A simple model  |
| Authors: | | Haufler, Andreas Nielsen, Søren Bo |
| Issue Date: | | 2005 |
| Series/Report no.: | | CESifo working papers 1523 |
| 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. |
| Subjects: | | merger policy international trade |
| JEL: | | H77 F13 L41 |
| Document Type: | | Working Paper |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/18987
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|