全球智库信息集成服务系统(G2TT): DP3880 The Political Economy of European Merger Control: Evidence Using Stock Market Data

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP3880
	DP3880 The Political Economy of European Merger Control: Evidence Using Stock Market Data
	Damien J. Neven; Lars-Hendrik Röller; Tomaso Duso
发表日期	2003-04-23
出版年	2003
语种	英语
摘要	We analyse the compatibility decisions of two national firms producing horizontally differentiated variants of a good that exhibits network effects for the world market. One of the firms is able to endogenously establish an installed base in its domestic market. The firm's effort in that respect is reinforced by a production subsidy that covers the firm's domestic market. With the help of a three-country model we ask under which circumstances this local subsidy may be and actually is used as a strategic trade-policy device. We show that the installed-base effect plays a role only when the firms opt for incompatibility. In addition, we obtain the result that only for intermediate values of the network-effect parameter incompatibility is chosen. In all other cases, compatibility emerges and so the local subsidy can be shown to increase world welfare.
主题	International Trade and Regional Economics
关键词	Compatibility decisions Strategic trade policy Standards
URL	https://cepr.org/publications/dp3880
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/532864
推荐引用方式 GB/T 7714	Damien J. Neven,Lars-Hendrik Röller,Tomaso Duso. DP3880 The Political Economy of European Merger Control: Evidence Using Stock Market Data. 2003.