Vis enkel innførsel

dc.contributor.authorLommerud, Kjell Erik
dc.contributor.authorOlsen, Trond E.
dc.contributor.authorStraume, Odd Rune
dc.date.accessioned2006-07-10T12:24:50Z
dc.date.available2006-07-10T12:24:50Z
dc.date.issued2005-04
dc.identifier.issn1500-4066
dc.identifier.urihttp://hdl.handle.net/11250/163593
dc.description.abstractThe international integration of regulated markets poses new challenges for regulatory policy. One question is the implications that the overall international regulatory regime will have for cross-border and/or domestic merger activity. In particular, do non-coordinated policies stimulate cross-border mergers that are overall inefficient, and is this then an argument for international coordination of such policies? The paper addresses this issue in a setting where firms must have access to a transportation network which is controlled by national regulators. The analysis reveals that while non-coordinated regulatory policies may induce cross-border mergers (by allowing the firms in question to play national regulators out against each other), this can nevertheless be overall welfare enhancing compared to market outcomes under coordinated regulation.en
dc.format.extent262744 bytes
dc.format.mimetypeapplication/pdf
dc.language.isoengen
dc.publisherNorwegian School of Economics and Business Administration. Department of Finance and Management Scienceen
dc.relation.ispartofseriesDiscussion paperen
dc.relation.ispartofseries2005:8en
dc.subjectaccess regulationen
dc.subjectendogenous mergeren
dc.subjectpolicy coordinationen
dc.titleAccess regulation and cross-border mergers : is international coordination beneficial?en
dc.typeWorking paperen


Tilhørende fil(er)

Thumbnail

Denne innførselen finnes i følgende samling(er)

Vis enkel innførsel