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International aspects of merger policy: a survey

Breinlich, Holger; Nocke, Volker; Schutz, Nicolas

Authors

Holger Breinlich

Volker Nocke

Nicolas Schutz



Abstract

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.

Journal Article Type Article
Publication Date Jan 31, 2017
Journal International Journal of Industrial Organization
Print ISSN 0167-7187
Electronic ISSN 1873-7986
Publisher Elsevier
Peer Reviewed Peer Reviewed
Volume 50
APA6 Citation Breinlich, H., Nocke, V., & Schutz, N. (2017). International aspects of merger policy: a survey. International Journal of Industrial Organization, 50, doi:10.1016/j.ijindorg.2016.05.001
DOI https://doi.org/10.1016/j.ijindorg.2016.05.001
Keywords Mergers and acquisitions; merger policy, trade policy, oligopoly, international
trade
Publisher URL http://www.sciencedirect.com/science/article/pii/S0167718716300340
Copyright Statement Copyright information regarding this work can be found at the following address: http://creativecommons.org/licenses/by-nc-nd/4.0

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Copyright Statement
Copyright information regarding this work can be found at the following address: http://creativecommons.org/licenses/by-nc-nd/4.0





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