Cross-border mergers in a mixed oligopoly

Heywood, John and Mcginty, Matthew (2011) Cross-border mergers in a mixed oligopoly. Economic Modelling, 28 (1-2). pp. 382-389. ISSN 0264-9993

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Abstract

This paper identifies the unique strategic issues of cross-border mergers in a mixed oligopoly showing that the presence of a welfare maximizing public firm increases the incentive for such mergers. The well-known merger paradox that two-firm mergers are rarely profitable is substantially relaxed in the cases of both linear and convex production costs. The ability to identify profitable two-firm mergers in this context takes on added importance as the recent cross-border merger wave often involved industries with public firms.

Item Type:
Journal Article
Journal or Publication Title:
Economic Modelling
Uncontrolled Keywords:
/dk/atira/pure/subjectarea/asjc/2000/2002
Subjects:
ID Code:
64909
Deposited By:
Deposited On:
05 Jun 2013 09:30
Refereed?:
Yes
Published?:
Published
Last Modified:
23 Sep 2020 01:30