Cross-border merger and domestic welfare

We consider the welfare effect of cross-border merger in presence of international R&D competition. Cross-border merger increases domestic welfare if the bargaining power of the foreign firm and the slope of the marginal cost of R&D are sufficiently low. Otherwise, domestic welfare is lower under cross-border merger.

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Year of publication:	2006
Authors:	Mukherjee, Arijit
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 6.2006, 16, p. 1-8
Publisher:	AccessEcon

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Classification:	F1 - Trade ; O2 - Development Planning and Policy
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005094612