Cross-Border Mergers and National Champions in an Integrating Economy
We present a simple oligopolistic model with three countries and illustrate the strategic aspects of merger policy. Mergers can be used to appropriate rents on consumptive third markets, even when the trade policy of these countries reacts endogenously. Competition policy inside the bloc of the two producing countries is too permissive towards mergers and acquisitions. A policy of cross-border mergers (European champions) need not imply a conflict between regional and global welfare. In contrast, the promotion of national champions may be in the interest of individual countries, but global welfare is always adversely affected.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 164 (2008)
Issue (Month): 3 (September)
|Contact details of provider:|| Web page: https://www.mohr.de/jite|
|Order Information:|| Postal: Mohr Siebeck GmbH & Co. KG, P.O.Box 2040, 72010 Tübingen, Germany|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Horn, Henrik & Levinsohn, James A, 2000.
"Merger Policies And Trade Liberalization,"
CEPR Discussion Papers
2459, C.E.P.R. Discussion Papers.
- Henrik Horn & James Levinsohn, 1997. "Merger Policies and Trade Liberalization," NBER Working Papers 6077, National Bureau of Economic Research, Inc.
- Horn, H. & Levinsohn, J., 1998. "Merger Policies and Trade Liberalization," Working Papers 420, Research Seminar in International Economics, University of Michigan.
- Keith Chapman, 2003. "Cross-border mergers/acquisitions: a review and research agenda," Journal of Economic Geography, Oxford University Press, vol. 3(3), pages 309-334, July.
- Barros, Pedro P. & Cabral, Luis, 1994. "Merger policy in open economies," European Economic Review, Elsevier, vol. 38(5), pages 1041-1055, May.
- Andreas Haufler & Søren Bo Nielsen, 2008.
"Merger policy to promote 'global players'? A simple model,"
Oxford Economic Papers,
Oxford University Press, vol. 60(3), pages 517-545, July.
- Andreas Haufler & Søren Bo Nielsen, 2005. "Merger Policy to Promote ‘Global Players’? A Simple Model," CESifo Working Paper Series 1523, CESifo Group Munich.
- Haufler, Andreas & Nielsen, Søren Bo, 2008. "Merger policy to promote ’global players’? A simple model," Munich Reprints in Economics 20406, University of Munich, Department of Economics.
- Haufler, Andreas & Nielsen, Søren Bo, 2005. "Merger Policy to Promote Global Players? A Simple Model," Discussion Papers in Economics 666, University of Munich, Department of Economics.
- James Brander, 1980.
"Intra-Industry Trade in Identical Commodities,"
380, Queen's University, Department of Economics.
- Keith Head & John Ries, 1997. "International Mergers and Welfare under Decentralized Competition Policy," Canadian Journal of Economics, Canadian Economics Association, vol. 30(4), pages 1104-1123, November.
- Collie, David R., 2000. "State aid in the European Union: The prohibition of subsidies in an integrated market," International Journal of Industrial Organization, Elsevier, vol. 18(6), pages 867-884, August.
When requesting a correction, please mention this item's handle: RePEc:mhr:jinste:urn:sici:0932-4569(200809)164:3_477:cmanci_2.0.tx_2-2. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Thomas Wolpert)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.