We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
A Political Economy Model of Merger Policy in International Markets.
- Authors
MOTTA, MASSIMO; RUTA, MICHELE
- Abstract
This paper looks at the political economy of merger policy under autarky and in international markets. We assume that merger policy is decided by antitrust authorities-whose objective is to maximize welfare-but can be influenced by governments, which are subject to lobbying by firms (insiders or outsiders to the merger). We argue that political economy distortions may explain some of the recently observed merger policy conflicts between authorities and politicians, as well as between institutions belonging to different countries. We illustrate our analysis with applications motivated by recent merger cases that have been widely debated in the international press.
- Subjects
INTERNATIONAL markets; MERGERS &; acquisitions; ECONOMIC globalization; ECONOMIC equilibrium; CONSUMERS' surplus; EUROPEAN Union; INTERNATIONAL cooperation
- Publication
Economica, 2012, Vol 79, Issue 313, p115
- ISSN
0013-0427
- Publication type
Article
- DOI
10.1111/j.1468-0335.2010.00874.x