Arbeitspapier
Industry trade balance and domestic merger policy: some empirical evidence from the US
The literature on antitrust in an open-economy setting is inconclusive with respect to the role played by trade-balance on the tenor of domestic merger policy. Using a panel data set composed of US merger reviews by industrial sector over the 1997-2001 period, I empirically test the impact of sectoral trade balance on the level of antitrust scrutiny. The results suggest that larger trade balances lead to more vigorous antitrust scrutiny; thus, ‘strategic’ merger policy does not appear evident, and consumer-surplus appears to guide US merger policy even under the lure of international competitive gains.
- Language
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Englisch
- Bibliographic citation
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Series: WZB Discussion Paper ; No. SP II 2003-19
- Classification
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Wirtschaft
Antitrust Issues and Policies: General
Industrial Organization: General
Antitrust Issues and Policies: General
- Subject
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Merger Policy
International Effects
Open Economy
- Event
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Geistige Schöpfung
- (who)
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Clougherty, Joseph A.
- Event
-
Veröffentlichung
- (who)
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Wissenschaftszentrum Berlin für Sozialforschung (WZB)
- (where)
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Berlin
- (when)
-
2003
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Clougherty, Joseph A.
- Wissenschaftszentrum Berlin für Sozialforschung (WZB)
Time of origin
- 2003
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