Concentration: Is Size its Own Reward?

Leroy-Beltran, C. and A.A. Noel

Working Papers from Ecole des Hautes Etudes Commerciales de Montreal-

Abstract: A substantial increase in the worldwide value of cross-border mergers and acquisitions as well as strategic alliances has raised concerns that liberalization of world FDI may erode the contestability of national markets owing to increased concentration and the subsequent emergence of private barriers to entry through restrictive and anticompetitive behaviour. After a brief review of recent trends in international business, this paper explores the concerns raised by M&A and strategic alliances, first at the international level and second in the Canadian context. The author concludes that the traditional perspective on concentration and competition, whose foundations go back to the 1890s, should be reviewed to account for the new dynamics in international business.

Keywords: MERGERS; INVESTMENTS; INTERNATIONAL TRADE (search for similar items in EconPapers)
JEL-codes: F10 G34 (search for similar items in EconPapers)
Date: 1999

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:fth:etcomo:99-07

Access Statistics for this paper

More papers in Working Papers from Ecole des Hautes Etudes Commerciales de Montreal-
Address: Canada; ECOLE DES HAUTES ETUDES COMMERCIALES (H.E.C.), 5255 DECELLES MONTREAL H3T 1V6 QUEBEC
Contact information at EDIRC.
Series data maintained by Thomas Krichel ().