2026-06-02T00:42:02Zhttps://riuma.uma.es/rest/oai/request

oai:riuma.uma.es:10630/318372026-02-03T11:34:22Zcom_10630_2254col_10630_37953

00925njm 22002777a 4500 dc Fikru, Mahelet G. author Gautier, Luis author 2020 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. 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 https://hdl.handle.net/10630/31837 10.1016/j.eneco.2020.104718 Impuestos ambientales Sociedades - Fusión Sociedades - Aspectos ambientales Are big mergers welfare enhancing when there is environmental externality?