RT Journal Article
T1 Are big mergers welfare enhancing when there is environmental externality?
A1 Fikru, Mahelet G.
A1 Gautier, Luis
K1 Impuestos ambientales
K1 Sociedades - Fusión
K1 Sociedades - Aspectos ambientales
AB Previous studies find that horizontal merger deals that consolidate a majority of firms in the market are likely to reduce welfare. This study provides an in-depth analysis of the relationship between the size of a merger and welfare in industries with environmental externality. In an international framework we show that in a market where more than 50% of firms have merged, a further increase in the size of the merger could increase or decrease welfare depending on two previously unexplored factors: (i) a given threshold of size of a merger and (ii) the pollution intensity of firms. Furthermore, we show that the relationship between welfare and size of merger can be affected by an exogenous change in emission tax at home and in a foreign country.
PB Elsevier
YR 2020
FD 2020
LK https://hdl.handle.net/10630/31837
UL https://hdl.handle.net/10630/31837
LA eng
NO Mahelet G. Fikru, Luis Gautier, Are big mergers welfare enhancing when there is environmental externality?, Energy Economics, Volume 87, 2020, 104718, ISSN 0140-9883, https://doi.org/10.1016/j.eneco.2020.104718
NO Política de acceso abierto tomada de: https://v2.sherpa.ac.uk/id/publication/15558
DS RIUMA. Repositorio Institucional de la Universidad de Málaga
RD 22 ene 2026