Mergers, Markets and Public Policy - Couverture souple

Couverture souple

ISBN 10 : 9401041733 ISBN 13 : 9789401041737

Editeur : Springer, 2013

Synopsis

GIULIANO MUSSATI Why do mergers occur, which are their effects on social welfare and which is the best economic policy toward them? These three questions have been puzzling industrial economists since the end of the last century when the first great merger wave has come about in the US. They have returned at the centre of the stage of the theoretical and empirical economic research during the last decade when merger and acquisition activity became one of the most evident firms' activities in all industrialised countries, being fostered by some general and country specific facts. These facts have been identified in the appearance of new financial instruments facilitating fund raising by firms, in the benevolent behaviour of the authorities in charge of competition policy during the Reagan administration in the US, while inter- nal market completion has become a strong incentive for European firms to reach a true continental dimension in the UE through external growth. However a robust and univocal answer to these questions has not yet been found in spite of its importance not only from the theoretical point of view, but also from the normative one. In fact the correct identification of firms' motivations in pursuing merger and acquisition operations and of their consequences on social welfare would help the choice by administra- tive authorities of different possible options in competition and industrial policies.

A propos du livre

Présentation de l'éditeur

Why do mergers occur, what are their effects on social welfare and which are the best economic policies toward them? These three questions have been puzzling industrial economists since the end of the last century when the first great merger wave occurred in the United States. These issues have returned to the center of the stage of the theoretical and empirical economic research during the last decade as merger and acquisition activity became one of the most evident activities of firms in all industrialized countries.
Mergers, Markets and Public Policy presents an exhaustive and fresh look at the current situation concerning competition policy both from the point of view of its basic hypotheses and different applications in the industrialized countries. The goal of the volume is to be useful not only to understand each country's situation but also as a point of departure for a thorough comparative research. In the globalization era, the objective of this research might be an exchange of experience in order to reach uniform positions on the most important subjects at a European and wider level. A second objective is to become the point of reference for those countries, i.e. Eastern European countries, that are actively seeking advice on how to establish a competitive market system, how to develop appropriate antitrust laws and how to set up an efficient regulation system.

Détails de l'édition

• Éditeur: Springer
• Date d'édition: 2013
• Langue: anglais
• ISBN 10: 9401041733
• ISBN 13: 9789401041737
• Reliure: Broché
• Nombre de pages: 236
• Éditeur: Mussati Giuliano
• Coordonnées du fabricant: non disponible
• Personne responsable: CMN Printpool Inh. Mathis Neumann; https://www.also.com/ec/cms5/en_6000/6000/index.jsp; ; Friedrich-Karl-Str. 9; Hamburg; Allemagne