Abstract

http://ssrn.com/abstract=1154402
 
 

Citations



 


 



Merger Policy to Promote 'Global Players'? A Simple Model


Andreas Haufler


University of Munich - Seminar for Economic Policy; CESifo (Center for Economic Studies and Ifo Institute)

Søren Bo Nielsen


affiliation not provided to SSRN

July 2008

Oxford Economic Papers, Vol. 60, Issue 3, pp. 517-545, 2008

Abstract:     
We use a simple framework where firms in two countries serve their respective domestic markets and a world market to analyse under which conditions cost-reducing mergers will be beneficial for the merging firms, the home country, and the world as a whole. For a national merger, the policies enacted by a national merger authority tend to be overly restrictive from a global efficiency perspective. In contrast, all international mergers that benefit the merging firms will be cleared by either a national or a regional regulator, and this laissez-faire approach is also globally efficient. Finally, we allow for multiple mergers and analyse whether national mergers, international mergers or no mergers will be the equilibrium market structure when the firms' decisions to merge are either taken non-cooperatively or cooperatively.

JEL Classification: L41, F13, H77

Accepted Paper Series


Not Available For Download

Date posted: July 2, 2008  

Suggested Citation

Haufler, Andreas and Nielsen, Søren Bo, Merger Policy to Promote 'Global Players'? A Simple Model (July 2008). Oxford Economic Papers, Vol. 60, Issue 3, pp. 517-545, 2008. Available at SSRN: http://ssrn.com/abstract=1154402 or http://dx.doi.org/gpm046

Contact Information

Andreas Haufler (Contact Author)
University of Munich - Seminar for Economic Policy ( email )
Ludwigstrasse 28
Munich, D-80539
Germany
HOME PAGE: http://www.ecpol.vwl.uni-muenchen.de
CESifo (Center for Economic Studies and Ifo Institute)
Poschinger Str. 5
Munich, DE-81679
Germany
HOME PAGE: http://www.CESifo.de
Søren Bo Nielsen
affiliation not provided to SSRN
No Address Available
Feedback to SSRN


Paper statistics
Abstract Views: 378

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo1 in 0.313 seconds