International trade and the incentive for merger
International trade and the incentive for merger
This paper examines the profitability of horizontal merger in an open economy with Cournot competition. We find that duopoly is a necessary, but not sufficient, condition for domestic merger to be profitable. A cross-border merger, however, can be profitable from any market structure.
merger, international trade, oligopoly
University of Southampton
Stewart, Geoff
a94573f3-bb92-416f-ba18-3c6272224d18
Chalkley, Martin
95cf0a6c-4dc1-43c9-b32a-748ae8f05d26
March 2010
Stewart, Geoff
a94573f3-bb92-416f-ba18-3c6272224d18
Chalkley, Martin
95cf0a6c-4dc1-43c9-b32a-748ae8f05d26
Stewart, Geoff and Chalkley, Martin
(2010)
International trade and the incentive for merger
(Discussion Papers in Economics and Econometrics)
Southampton, UK.
University of Southampton
Record type:
Monograph
(Discussion Paper)
Abstract
This paper examines the profitability of horizontal merger in an open economy with Cournot competition. We find that duopoly is a necessary, but not sufficient, condition for domestic merger to be profitable. A cross-border merger, however, can be profitable from any market structure.
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More information
Published date: March 2010
Keywords:
merger, international trade, oligopoly
Identifiers
Local EPrints ID: 79211
URI: http://eprints.soton.ac.uk/id/eprint/79211
ISSN: 0966-4246
PURE UUID: 2cb91eb4-c2f5-4f55-8905-ffc1a6ae09b7
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Date deposited: 11 Mar 2010
Last modified: 10 Dec 2021 17:33
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Contributors
Author:
Geoff Stewart
Author:
Martin Chalkley
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