期刊名称：Discussion Papers / Norwegian School of Economics and Business Administration
印刷版ISSN：0804-6824
出版年度：2004
卷号：2004
出版社：Bergen
摘要：We analyse how the presence of trade unions affects the pattern
of mergers in an international oligopoly and the welfare implications
thereof. We find that wages for the merger participants
are always lower when they merge internationally, rather
than nationally. Using a model of endogenous merger formation,
we find that the firms will merge internationally in equilibrium.
There are more international mergers than socially preferred, unless
products are close substitutes. A ‘national champion’ policy
of promoting domestic mergers rather than international ones is
nevertheless never optimal.
