研討日期

2014621日上午10:20 ~ 13:00

研討地點

台大社會科學院26教室

題目

Cross-border mergers in a mixed oligopoly

作者

Johan S. Heywood, Matthew McGinty

文獻出處

Economic Modelling

報告人

林晏如

參加人員

黃鴻、梁文榮、林燕淑、陳宏易、曹古駒、林晏如、王佳琪、呂得成、丁虹仁、王羿傑、吳尚弈、呂雅媛、施

論文提要

This paper identifies the unique strategic issues of cross-border mergers in a mixed oligopoly showing that the presence of a welfare maximizing public firm increases the incentive for such mergers. The well-known merger paradox that two-firm mergers are rarely profitable is substantially relaxed in the cases of both linear and convex production costs. The ability to identify profitable two-firm mergers in this context takes on added importance as the recent cross-border merger wave often involved industries with public firms.

備註