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dc.contributor.authorNeary, J. Peteren_US
dc.date.accessioned2009-01-29T14:53:39Z-
dc.date.available2009-01-29T14:53:39Z-
dc.date.issued2004en_US
dc.identifier.urihttp://hdl.handle.net/10419/22161-
dc.description.abstractA 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.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesCeGE discussion paper 34en_US
dc.subject.jelL13en_US
dc.subject.jelF12en_US
dc.subject.jelF10en_US
dc.subject.ddc330en_US
dc.subject.keywordComparative advantageen_US
dc.subject.keywordcross-border mergersen_US
dc.subject.keywordGOLE (General Oligopolistic Equilibrium)en_US
dc.subject.keywordmarket integrationen_US
dc.subject.keywordmerger wavesen_US
dc.subject.stwÜbernahmeen_US
dc.subject.stwGrenzeen_US
dc.subject.stwOligopolen_US
dc.subject.stwZwei-Länder-Modellen_US
dc.subject.stwAussenhandelsliberalisierungen_US
dc.subject.stwKapitalmarktliberalisierungen_US
dc.subject.stwKomparativer Kostenvorteilen_US
dc.titleCross-Border Mergers as Instruments of Comparative Advantageen_US
dc.typeWorking Paperen_US
dc.identifier.ppn392929236en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:cegedp:34-
Appears in Collections:cege-Diskussionspapiere, Universität Göttingen

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