Journal article
Cross-border mergers as instruments of comparative advantage
- Abstract:
-
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 competition. As a result, trade liberalization can trigger international merger waves, in the process encouraging countries to specialize and trade more in accordance with comparative advantage. Wi...
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- Publication status:
- Published
- Peer review status:
- Peer reviewed
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Bibliographic Details
- Publisher:
- Blackwell Publishing Publisher's website
- Journal:
- Review of Economic Studies Journal website
- Volume:
- 74
- Issue:
- 4
- Pages:
- 1229-1257
- Publication date:
- 2007-10-01
- DOI:
- EISSN:
-
1467-937X
- ISSN:
-
0034-6527
Item Description
- Language:
- English
- Keywords:
- Subjects:
- UUID:
-
uuid:4648f49c-0679-40b8-aeb3-88c50ffbb185
- Local pid:
- ora:2108
- Deposit date:
- 2008-06-19
Related Items
Terms of use
- Copyright holder:
- The Review of Economic Studies Limited
- Copyright date:
- 2007
- Notes:
- The full-text of this article is not available in ORA at this time. Citation: Neary, J. P. (2007). 'Cross-border mergers as instruments of comparative advantage', Review of Economic Studies, 74(4), 1229-1257. [The definitive version is available at www.blackwell-synergy.com.]
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