|
| |
| Arijit Mukherjee |
| |
| ''Cross-border merger and domestic welfare'' |
| ( 2006, Vol. 6 No.16 ) |
| |
| |
| We consider the welfare effect of cross-border merger in presence of international R&D competition. Cross-border merger increases domestic welfare if the bargaining power of the foreign firm and the slope of the marginal cost of R&D are sufficiently low. Otherwise, domestic welfare is lower under cross-border merger. |
| |
| |
| Keywords: |
JEL: F1 - Trade: General
O2 - Development Planning and Policy: General |
| |
| Manuscript Received : Oct 23 2006 | | Manuscript Accepted : Nov 14 2006 |
|
