This paper reviews some puzzling economic aspects of globalization and argues that they
cannot be satisfactorily addressed in perfectly or monopolistically competitive models …

A two-country model of oligopoly in general equilibrium is used to show how changes in
market structure accompany the process of trade and capital-market liberalization. The …

Multinationals may enter a host market by different modes of foreign direct investment (FDI).
This paper examines the choice of FDI mode, and shows that the profitability of greenfield …

Information asymmetry creates incentives for firms from different countries to merge. To
demonstrate this point, we develop a model of international oligopolistic competition under …

We examine how a downstream merger affects input prices and, in turn, the profitability of a
such a merger under Cournot competition with differentiated products. Input suppliers can …

We analyze 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 …

We study a merger between two Dutch supermarket chains to assess its effect on the depth
as well as composition of assortment. We adopt a difference-in-differences strategy that …

We study the effects of a horizontal merger when firms compete on price and quality. In a
Salop framework with three symmetric firms, several striking results appear. First, the …

Firm consolidation through mergers and acquisitions could be a strategic option for the
electricity industry which has recently witnessed several transformations such as renewable …

This paper investigates the impact of product differentiation and of cost asymmetry on the
merger paradox using a Cournot framework. It finds that when all firms share the same costs …