Cross-border mergers as instruments of comparative advantage
A 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 liberalization. The model predicts that bilateral mergers in which low-cost firms buy out higher-cost foreign rivals are profitable under Cournot...
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| Format: | Journal article |
| Language: | English |
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Blackwell Publishing
2007
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