Utilize este identificador para referenciar este registo: http://hdl.handle.net/10400.14/3487
Título: Sequential cross-border mergers
Autor: Fumagalli, Eileen
Vasconcelos, Hélder
Palavras-chave: Endogenous mergers
Merger policy
Tariff-jumping FDI
Endogenous split of surplus
Data: Jun-2009
Editora: Elsevier
Citação: FUMAGALLI, Eileen; VASCONCELOS, Hélder - Sequential cross-border mergers. International Journal of Industrial Organization. ISSN 0167-7187.Vol. 27 (2009), p.175–187
Resumo: This paper proposes a sequential merger formation game to study how trade policy can influence firms' choice between intra-national and cross-border mergers in an international Cournot oligopoly with a cost structure à la Perry and Porter [Perry, M. and Porter, R.H., 1985. Oligopoly and the Incentive for Horizontal Merger. American Economic Review 75(1), 219–227.].We find that the equilibrium market structure depends heavily on: (i) the level of trade costs; and (ii) whether or not active antitrust authorities are incorporated within the sequential merger game. In addition, it is shown that whenever mergers occur in equilibrium, they occur in waves and the merger wave comprises at least one cross-border merger.
URI: http://hdl.handle.net/10400.14/3487
Versão do Editor: http://top25.sciencedirect.com/subject/economics-econometrics-and-finance/10/journal/international-journal-of-industrial-organization/01677187/archive/21/
Aparece nas colecções:FEG - Artigos em revistas internacionais com Arbitragem / Papers in international journals with Peer-review

Ficheiros deste registo:
Ficheiro Descrição TamanhoFormato 
art-int-arb_2009_FEG_1575_Vasconcelos_Helder_01.1.PDF1,02 MBAdobe PDFVer/Abrir


FacebookTwitterDeliciousLinkedInDiggGoogle BookmarksMySpace
Formato BibTex MendeleyEndnote Degois 

Todos os registos no repositório estão protegidos por leis de copyright, com todos os direitos reservados.