研討日期

201224上午10:20 ~ 13:00

研討地點

台大社會科學院26教室

討論文獻

題目

作者

文獻出處

 The trade and welfare effects of mergers in space

 

Hartmut Egger

Peter Egger

Regional Science and Urban Economics

報告人

丁虹仁

參加人員

梁文榮、彭正浩、張瑞雲、高國峯、陳金盛、林晏如、王羿傑、丁虹仁、周冰瑤、蔡明芳、涂光億、王佳琪、張志瑋、呂得成、徐靖、林季萱、施姵全

論文提要

   This paper analyzes the consequences of cross-border mergers in a spatial framework, thereby distinguishing three channels of influence: a price increase due to the elimination of product market competition, an adjustment in plant location which reduces overall transportation cost expenditures, and a harmonization in production costs due to a technology transfer within the firm. The analysis illustrates that cross-border mergers raise world welfare over its level in an already open economy with free trade but no foreign investment. In particular, larger countries benefit from the additional investment opportunities, while smaller countries may lose, if the pre-merger production cost differential across firms is negligible and/or a post-merger technology transfer across production sites is infeasible. Furthermore, the analysis

provides novel insights into the trade pattern effects of a merger. One important result in this respect is that an adjustment of plant location in space can reverse the direction of (net) trade flows between two countries.

研究建議