International aspects of merger policy: a survey
This paper surveys the literature on merger policy in open economies. We first adopt a reduced-form approach to derive general insights on the scope for conflict between national antitrust authorities and on the gains from international merger policy coordination. Taking trade costs as given, we use...
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| Format: | Article |
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Elsevier
2017
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| Online Access: | https://eprints.nottingham.ac.uk/33540/ |
| _version_ | 1848794652089516032 |
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| author | Breinlich, Holger Nocke, Volker Schutz, Nicolas |
| author_facet | Breinlich, Holger Nocke, Volker Schutz, Nicolas |
| author_sort | Breinlich, Holger |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | This paper surveys the literature on merger policy in open economies. We first adopt a reduced-form approach to derive general insights on the scope for conflict between national antitrust authorities and on the gains from international merger policy coordination. Taking trade costs as given, we use standard oligopoly models to derive conditions on market structure, under which underenforcement or overenforcement of national merger policies can arise. We then study the interactions between merger policy and trade policy, and find that trade liberalization often leads to stricter national merger policies. We conclude by discussing empirical evidence on conflict between antitrust authorities. |
| first_indexed | 2025-11-14T19:19:35Z |
| format | Article |
| id | nottingham-33540 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| last_indexed | 2025-11-14T19:19:35Z |
| publishDate | 2017 |
| publisher | Elsevier |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-335402020-05-04T18:28:52Z https://eprints.nottingham.ac.uk/33540/ International aspects of merger policy: a survey Breinlich, Holger Nocke, Volker Schutz, Nicolas This paper surveys the literature on merger policy in open economies. We first adopt a reduced-form approach to derive general insights on the scope for conflict between national antitrust authorities and on the gains from international merger policy coordination. Taking trade costs as given, we use standard oligopoly models to derive conditions on market structure, under which underenforcement or overenforcement of national merger policies can arise. We then study the interactions between merger policy and trade policy, and find that trade liberalization often leads to stricter national merger policies. We conclude by discussing empirical evidence on conflict between antitrust authorities. Elsevier 2017-01-31 Article PeerReviewed Breinlich, Holger, Nocke, Volker and Schutz, Nicolas (2017) International aspects of merger policy: a survey. International Journal of Industrial Organization, 50 . pp. 415-429. ISSN 1873-7986 Mergers and acquisitions; merger policy trade policy oligopoly international trade http://www.sciencedirect.com/science/article/pii/S0167718716300340 doi:10.1016/j.ijindorg.2016.05.001 doi:10.1016/j.ijindorg.2016.05.001 |
| spellingShingle | Mergers and acquisitions; merger policy trade policy oligopoly international trade Breinlich, Holger Nocke, Volker Schutz, Nicolas International aspects of merger policy: a survey |
| title | International aspects of merger policy: a survey |
| title_full | International aspects of merger policy: a survey |
| title_fullStr | International aspects of merger policy: a survey |
| title_full_unstemmed | International aspects of merger policy: a survey |
| title_short | International aspects of merger policy: a survey |
| title_sort | international aspects of merger policy: a survey |
| topic | Mergers and acquisitions; merger policy trade policy oligopoly international trade |
| url | https://eprints.nottingham.ac.uk/33540/ https://eprints.nottingham.ac.uk/33540/ https://eprints.nottingham.ac.uk/33540/ |