Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/103103
Authors: 
Liu, Chih-Chen
Mukherjee, Arijit
Wang, Leonard F.S.
Year of Publication: 
2014
Series/Report no.: 
CESifo Working Paper 4996
Abstract: 
We show that the presence of a strategic tax policy increases the incentive for a horizontal merger compared to the situation with no tax policy. Thus, we point towards a new factor, viz., strategic tax policy, for increasing the incentive for a horizontal merger that has been ignored in the existing literature. In contrast to the usual belief, we also show that a horizontal merger may benefit the consumers and the society.
Subjects: 
merger
tax policy
social welfare
JEL: 
L13
D43
Document Type: 
Working Paper

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