环境政策有助于反垄断决策:社会过度和不充分的并购批准

IF 2.6 3区 经济学 Q1 ECONOMICS
Pak-Sing Choi , Ana Espínola-Arredondo , Félix Muñoz-García
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引用次数: 3

摘要

本文考虑了企业在不完全竞争条件下的合并动机,在不完全竞争条件下,我们考虑了产品差异化、成本不对称和污染强度(绿色和棕色产品)。我们首先分析了在没有环境监管的情况下的并购,结果表明并购会导致产出向成本最低的企业转移。然而,当引入排放费时,企业也会考虑它们的相对污染强度,这可能会逆转上述产出转移。我们表明,当企业将产出转移到成本效率更高的企业时,可能会出现社会过度合并,这可能会造成更多的污染。相反,如果产出转移减少了污染,就会出现对社会不利的合并。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Environmental policy helping antitrust decisions: Socially excessive and insufficient merger approvals

This paper considers firms’ incentives to merge under imperfect competition, where we allow for product differentiation, cost asymmetries, and pollution intensities (green and brown goods). We first analyze mergers in the absence of environmental regulation, showing that mergers induce an output shift towards the lowest cost firm. When emission fees are introduced, however, firms also consider their relative pollution intensities, potentially reverting the above output shift. We show that socially excessive mergers can arise when firms shift output to the more cost-efficient firm which may cause more pollution. In contrast, socially insufficient mergers can arise if output shifts reduce pollution.

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来源期刊
CiteScore
5.40
自引率
0.00%
发文量
41
期刊介绍: Resource and Energy Economics provides a forum for high level economic analysis of utilization and development of the earth natural resources. The subject matter encompasses questions of optimal production and consumption affecting energy, minerals, land, air and water, and includes analysis of firm and industry behavior, environmental issues and public policies. Implications for both developed and developing countries are of concern. The journal publishes high quality papers for an international audience. Innovative energy, resource and environmental analyses, including theoretical models and empirical studies are appropriate for publication in Resource and Energy Economics.
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