紀要論文 MERGER SIMULATION IN AN OPEN ECONOMY

CHOI, JAY PIL  ,  NAHM, JAE

57 ( 1 )  , pp.53 - 66 , 2016-06 , Hitotsubashi University
ISSN:0018-280x
NII書誌ID(NCID):AA00207547
内容記述
Recently, competition authorities use merger simulation tools to predict the effects of a merger on price, consumer welfare and social welfare. However, since standard merger simulation tools are developed to predict those effects in a closed economy, they do not consider the role of exports in evaluating merger effects. In an open economy or export-oriented economy, a typical manufacturing industry exhibits quite high shares of export volumes. The welfare effects of merger could be quite different between an open economy and a closed economy. In an open economy, we need to consider exports in evaluating merger effects, and this article provides a framework on how to incorporate the role of exports in a standard Cournot merger simulation model.
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http://hermes-ir.lib.hit-u.ac.jp/rs/bitstream/10086/27939/1/HJeco0570100530.pdf

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