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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| 格式: | Journal article |
| 语言: | English |
| 出版: |
Blackwell Publishing
2007
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| 主题: |
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