Mergers in open economies

Article Abstract:

A study was conducted to examine the role of merger policies in an open economy using a partial equilibrium framework of Cournot oligopolists with various technologies. The impact of trade liberalization on the profitability of mergers was analyzed. Events under which a merger will support the joint profits of participating companies and global welfare were also examined. Results indicated two implications of trade liberalizations on the profitability of mergers.

Administration of General Economic Programs, Trade Relations, Acquisitions and mergers, International economic relations, Trade policy

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Competition and trade in services: the airlines' global alliances

Article Abstract:

A study was conducted to examine the joint operation of Lufthansa, Air Canada, Scandinavian Airlines System, Thai Airways International and United Airlines called 'Star Alliance,' which represents more than 14% of the international market in airline transportation. Results indicated that joint operation was more of a device that allowed major airlines to increase their market share and realize total market control within a regulatory framework.

Scheduled Air Transportation, Intnl & Territorial Air Service, Air Transportation, Scheduled, And Air Courier Services, Airlines

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