Horizontal mergers and the balance of trade
作者:
David L. Kaserman,
Francois Melese,
期刊:
Managerial and Decision Economics
(WILEY Available online 1993)
卷期:
Volume 14,
issue 1
页码: 83-90
ISSN:0143-6570
年代: 1993
DOI:10.1002/mde.4090140111
出版商: John Wiley&Sons, Ltd.
数据来源: WILEY
摘要:
AbstractThis paper explores the relationship between market structure and the balance of trade in a dominant firm/competitive fringe model. It is shown that, absent efficiency effects, a horizontal merger between the dominant producer and a domestic fringe firm leads to a deterioration in the balance of trade, but, where efficiencies arise, this effect may be reversed. A sufficient condition for such reversal to occur is derived.
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