Political contributions, subsidy and mergers
DOI:
https://doi.org/10.18381/eq.v9i2.149Resumen
A partir de un modelo oligopolístico de equilibrio parcial, modelamos los efectos de las fusiones y el cabildeo político doméstico para definir políticas nacionales de subsidio. Empresas locales y foráneas compiten en un mercado de bienes homogéneos en un país huésped de inversión. La producción óptima de las empresas va a depender de la política de subsidio. Las empresas locales ofrecen cabildear con contribuciones económicas al gobierno para afectar la decisión de política. El gobierno establece la política óptima maximizando el peso entre las contribuciones políticas y el bienestar social agregado, tomando en cuenta las fusiones que hacen las empresas locales como respuesta a la competencia foránea.Descargas
Citas
Benchekroun, H. and Chaudhuri, A. R. (2006). “Trade Liberalization and the Profitability of Mergers: a Global Analysis”, Review of International Economics, Vol. 14(5); 941-957.
Bernheim, B. and Whinston, M. (1986). “Menu auctions, resource allocation, and economic influence”, Quarterly Journal of Economics, Vol. 101; 1-31.
Bhagwati, J. N. (1993). “Fair trade, reciprocity and harmonization: the novel challenge to the theory and policy of free trade”, in: D. Salvatore, ed. 1993. Protectionism and world welfare. Cambridge: Cambridge University Press. Ch.2.
Bhattacharjea, A. (2002). “Foreign Entry and Domestic Welfare: Lessons for Developing Countries”, The Journal of International Trade and Economic Development, Vol. 11(2); 143-162.
Brander, J. A. and Spencer, B. J. (1985). “Export subsidies and international market share rivalry”, Journal of International Economics, Vol. 18; 83-100.
Brander, J. A. and Spencer, B. J. (1987). “Foreign direct investment with unemployment and endogenous taxes and tariffs”, Journal of International Economics, Vol. 22; 257-279.
Collie, D. R. (2003). “Mergers and trade policy under oligopoly”, Review of International Economics, Vol. 11; 55-71.
Dixit, A., Grossman, G. M. and Helpman, E. (1997). “Common Agency and Coordination: General Theory and Application to Government Policy Making”, Journal of Political Economy, Vol. 105; 752-769.
Espinosa, R. and Kayalica, M. O. (2007). “Environmental policies and mergers’ externalities”, Economía Mexicana: Nueva Época, Vol. XVI(1); 47-74.
Ethier, W. J. (1986). “The multinational firm”, Quarterly Journal of Economics, Vol. 101; 805-833.
Findlay, R. and Wellisz, S. (1982). “Endogenous tariffs, the political economy of trade restrictions, and welfare”, in: J.N. Bhagwati, ed. 1982. Import competition and response. Chicago: University of Chicago Press. Ch. 8.
Gatsios, K. and Seabright, P. (1990). “Regulation in the European Community”, Oxford Review of Economic Policy, Vol. 5(2); 37-60.
Goddard, J., Molyneux, P. and Zhou, T. (2012). “Bank mergers and acquisitions in emerging markets: evidence from Asia and Latin America”, The European Journal of Finance, Vol. 18, Iss. 5; 419-438.
Grossman, G. and Helpman, E. (1994). “Protection for sale”, American Economic Review, Vol. 84; 833-850.
Haufler, A. and Wooton, I. (1999). “Country size and tax competition for foreign direct investment”, Journal of Public Economics, Vol. 71; 121-139.
Helpman, E. (1984). “A simple theory of trade with multinational corporations”, Journal of Political Economy, Vol. 92; 451-471.
Hillman, A. L. (1989). The political economy of protection. Chur: Harwood Academic Publishers.
Hillman, A. L. and Ursprung, H. (1993). “Multinational firms, political competition, and international trade policy”, International Economic Review, Vol. 34; 347-363.
Hortsman, I. and Markusen, J. (1987). “Strategic investments and the development of multinationals”, International Economic Review, Vol. 28; 109-121.
Hortsman, I. and Markusen, J. (1992). “Endogenous market structures in international trade (natura facit saltum)”, Journal of International Economics, Vol. 32; 109-129.
Itagaki, T. (1979). “Theory of the multinational firm: An analysis of effects of government policies”, International Economic Review, Vol. 20(2); 437-448.
Janeba, E. (1995). “Corporate income tax competition, double taxation, and foreign direct investment”, Journal of Public Economics, Vol. 56; 311-325.
Kayalica, M. O. and Lahiri, S. (2007). “Domestic Lobbying and Foreign Direct Investment. The role of policy instruments”, Journal of International Trade & Economic Development, Vol. 16(3); 299-323.
Lahiri, S. and Ono, Y. (1998a). “Foreign direct investment, local content requirement, and profit taxation”, The Economic Journal, Vol. 108; 444-457.
Lahiri, S. and Ono, Y. (1998b). “Tax policy on foreign direct investment in the presence of cross-hauling”, Weltwirtschaftliches Archiv, Vol. 134; 263-279.
Long, N. V. and Vousden, N. (1995). “The effects of trade liberalization on costreducing horizontal mergers”, Review of International Economics, Vol. 3; 141–55.
Magee, S. P., Brock, W. A. and Young, L. (1989). Black hole tariffs and endogenous policy theory. Cambridge: Cambridge University Press.
Markusen, J. R. (1984). “Multinationals, multi-plant economics, and the gains from trade”, Journal of International Economics, Vol. 16; 205-226.
Markusen, J. R. and Venables, A. J. (1998). “Multinational firms and the new trade theory”, Journal of International Economics, Vol. 46; 183-203.
Mayer, W. (1984). “Endogenous tariff formation”, American Economic Rewiev, Vol. 74; 970-985.
Motta, M. (1992). “Multinational firms and the tariff jumping argument: a game theoretic analysis with some unconventional conclusions”, European Economic Review, Vol. 36; 1557-1571.
Neven, D. (1992). “Regulatory reform in the European Community”, American Economic Review, 82; 98-103.
Rodrik, D. (1995). “Political economy of trade policy”, in: G. Grossman and K. Rogoff, eds. 1995. Handbook of International Economics, 3. Amsterdam: North-Holland Publishing House. Ch. 28.
Ross, T.W. (1988). “On the price effects of mergers with free trade”, International Journal of Industrial Organisation, Vol. 6; 233-46.
Salant, S. W., Switzer, S., and Reynolds, R. J. (1983). “Losses due to merger: the effects of exogenous change in industry structure on Cournot-Nash equilibrium”, Quarterly Journal of Economics, Vol. 98(2); 185-200.
Smith, A. (1987). “Strategic investment, multinational corporations and trade policy”, European Economic Review, Vol. 31; 89-96.
UNCTAD (2000). World investment report 2000: Cross-border Mergers and Acquisitions and Development, Geneva: United Nations Publications.
Descargas
Publicado
Cómo citar
Número
Sección
Licencia
El contenido publicado en EconoQuantum se encuentra bajo una Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.