search query: @indexterm TRADE POLICY / total: 743
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| Author: | Huck, S. Konrad, K. A. |
| Title: | Merger profitability and trade policy |
| Journal: | Scandinavian Journal of Economics
2004 : VOL. 106:1, p. 107-122 |
| Index terms: | Incentives Mergers Profitability Trade policy |
| Language: | eng |
| Abstract: | The profitability incentives for merger and the endogenous industry structure are studied in a strategic trade policy environment. Merger changes the strategic trade policy equilibrium. It is shown that merger can be profitable and welfare enhancing, even though it would not be profitable in a laissez-faire economy. A key element is a change in the governments' incentives to give subsidies to their local companies. |
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