Category

Number of Access this item:1,256（2024-04-25 09:43 Counts）

Identifier to cite or link to this item: https://doi.org/10.15057/27939
Identifier to cite or link to this item: https://hdl.handle.net/10086/27939

Link to primary information 

File Format Size Views Description
cover_27939 pdf
HJeco0570100530 pdf 604 KB 850

Item Information

Output File

Title
MERGER SIMULATION IN AN OPEN ECONOMY
Creator
Creator Name
CHOI, JAY PIL CHOI, JAY PIL
Affiliation
Affiliation Name
Michigan State University
Affiliation
Affiliation Name
Yonsei University
Creator Name
NAHM, JAE NAHM, JAE
Affiliation
Affiliation Name
Korea University
Key Word
merger simulation
open economy
merger evaluation
JEL
D4
D8
M3
L13
Abstract
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.
Publisher
Hitotsubashi University
Issued Date
2016-06
Language
English(eng)
Resource Type
departmental bulletin paper
Version Type
VoR
selfDOI
10.15057/27939
ISSN
0018-280x
NCID
AA00207547
Source Title
Hitotsubashi Journal of Economics
Volume Number
57
Issue Number
1
Page Start
53
Page End
66
Appears in Collections
Vol. 57, no. 1 (Jun. 2016)
URL
https://hdl.handle.net/10086/27939