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Technology Transfer and Merger Activities with Trade and Tariffs

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  • Cillian Ryan

Abstract

In order to better understand the effects of globalization on merger incentives this paper considers a set of commonly observed mergers whereby a restructured target (with improved managerial or technical capability) continues to supply the market. In contrast to the market‐concentrating merger literature it finds that trade barriers tend to encourage mergers, including potentially welfare‐reducing, tariff‐jumping mergers. Multilateral trade liberalization, however, encourages welfare‐improving mergers. Hence, and despite the skepticism of regulatory authorities towards the existence of cost synergies as a consequence of mergers, this paper suggests that in order to assess the impact of trade liberalization under the WTO on merger incentives, and consequently on prices, quantities, and welfare, accurate information on ex ante cost differences and the transferability of managerial and technical techniques is required.

Suggested Citation

  • Cillian Ryan, 2006. "Technology Transfer and Merger Activities with Trade and Tariffs," Review of International Economics, Wiley Blackwell, vol. 14(4), pages 582-599, September.
    • Handle: RePEc:bla:reviec:v:14:y:2006:i:4:p:582-599
    DOI: 10.1111/j.1467-9396.2006.00645.x
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    References listed on IDEAS

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    1. Mark Rysman, 2000. "Competition Policy as Strategic Trade," Papers 0100, Boston University - Industry Studies Programme.
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    Cited by:

    1. Juan Alejandro Gelves, 2010. "Horizontal Merger With An Inefficient Leader," Manchester School, University of Manchester, vol. 78(5), pages 379-394, September.

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