Cross-border mergers as instruments of comparative advantage

DC FieldValueLanguage
dc.contributor.authorNeary, J. Peter-
dc.date.accessioned2009-07-24T13:39:35Z-
dc.date.available2009-07-24T13:39:35Z-
dc.date.issued2004-03-01-
dc.identifier.other200404en
dc.identifier.urihttp://hdl.handle.net/10197/1294-
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.description.sponsorshipEuropean Commissionen
dc.format.extent557036 bytes-
dc.format.mimetypeapplication/pdf-
dc.language.isoenen
dc.publisherUniversity College Dublin. School of Economicsen
dc.relation.ispartofseriesUCD Centre for Economic Research Working Paper Seriesen
dc.relation.ispartofseriesWP04/04en
dc.subjectComparative advantageen
dc.subjectCross-border mergersen
dc.subjectGOLE (General Oligopolistic Equilibrium)en
dc.subjectMarket integrationen
dc.subjectMerger wavesen
dc.subject.classificationF10en
dc.subject.classificationF12en
dc.subject.classificationL13en
dc.subject.lcshCompetition, Imperfecten
dc.subject.lcshComparative advantage (International trade)en
dc.subject.lcshOligopoliesen
dc.subject.lcshConsolidation and merger of corporationsen
dc.titleCross-border mergers as instruments of comparative advantageen
dc.typeWorking Paperen
dc.internal.authoridUCD0042en
dc.internal.availabilityFull text availableen
dc.internal.webversionshttp://www.ucd.ie/economics/research/papers/2004/WP04.04.pdf-
dc.statusNot peer revieweden
dc.neeo.contributorNeary|J. Peter|aut|-
item.grantfulltextopen-
item.fulltextWith Fulltext-
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