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Merger Policy in a Quantitative Model of International Trade

Breinlich, Holger, Nocke, Volker and Schutz, Nicolas (2019) Merger Policy in a Quantitative Model of International Trade The Economic Journal.

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In a two-country international trade model with oligopolistic competition, we study the conditions on market structure and trade costs under which a merger policy designed to benefit domestic consumers is too tough or too lenient from the viewpoint of the foreign country. We calibrate the model to match industry-level data in the U.S. and Canada. Our results suggest that at present levels of trade costs, merger policy is too tough in the vast majority of sectors. We also quantify the resulting externalities and study the impact of different regimes of coordinating merger policies at varying levels of trade costs.

Item Type: Article
Divisions : Faculty of Arts and Social Sciences > School of Economics
Authors :
Nocke, Volker
Schutz, Nicolas
Date : 2019
Funders : European Research Council (ERC)
Uncontrolled Keywords : Mergers and Acquisitions; Merger Policy; Trade Policy; Oligopoly; International Trade
Related URLs :
Depositing User : Clive Harris
Date Deposited : 19 Mar 2019 15:33
Last Modified : 19 Mar 2019 15:33

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