This article examines the profitability of horizontal merger in an open economy with Cournot competition. We find that duopoly is a necessary, but not sufficient, condition for domestic merger to be profitable. A cross-border merger, however, can be profitable from any market structure.

At the age of 16, many young people in the UK decide to leave school and enter vocational education or training, either at a Further Education (FE) college, or on a Government training scheme. In spite of the size and importance of this group, the current debate about education and training...

This article explores the determinants of the proportion of the working age male population claiming Incapacity Benefits (IB), across the 11 British Government Office Regions, for the period 1998 to 2006. Three different approaches are adopted to modelling register dynamics: first, treating IB...