Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/22161 
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dc.contributor.authorNeary, J. Peteren
dc.date.accessioned2009-01-29T14:53:39Z-
dc.date.available2009-01-29T14:53:39Z-
dc.date.issued2004-
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
dc.language.isoengen
dc.publisher|aUniversity of Göttingen, Center for European, Governance and Economic Development Research (cege) |cGöttingenen
dc.relation.ispartofseries|acege Discussion Papers |x34en
dc.subject.jelL13en
dc.subject.jelF12en
dc.subject.jelF10en
dc.subject.ddc330en
dc.subject.keywordComparative advantageen
dc.subject.keywordcross-border mergersen
dc.subject.keywordGOLE (General Oligopolistic Equilibrium)en
dc.subject.keywordmarket integrationen
dc.subject.keywordmerger wavesen
dc.subject.stwÜbernahmeen
dc.subject.stwGrenzeen
dc.subject.stwOligopolen
dc.subject.stwZwei-Länder-Modellen
dc.subject.stwAussenhandelsliberalisierungen
dc.subject.stwKapitalmarktliberalisierungen
dc.subject.stwKomparativer Kostenvorteilen
dc.titleCross-Border Mergers as Instruments of Comparative Advantage-
dc.typeWorking Paperen
dc.identifier.ppn392929236en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:cegedp:34en

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