摘要：Recently, competition authorities use merger simulation tools to predict the effects of amerger on price, consumer welfare and social welfare.However, since standard mergersimulation tools are developed to predict those effects in a closed economy, they do notconsider the role of exports in evaluating merger effects.In an open economy or exportorientedeconomy, a typical manufacturing industry exhibits quite high shares of exportvolumes.The welfare effects of merger could be quite different between an open economy anda closed economy.In an open economy, we need to consider exports in evaluating mergereffects, and this article provides a framework on how to incorporate the role of exports in astandard Cournot merger simulation model.
关键词：merger simulation; open economy; merger evaluation
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