文章基本信息

标题：Environmental Regulation and Horizontal Mergers in the Eco-industry
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作者：Canton, Joan ; David, Maia ; Sinclair-Desgagne, Bernard 等
期刊名称：Journal of Food Distribution Research
印刷版ISSN：0047-245X
出版年度：2008
卷号：39
期号：5
出版社：Food Distribution Research Society
摘要：This paper considers the environmental policy and welfare implications of a merger between environment firms (i.e., firms managing environmental resources or supplying pollution abatement goods and services). The traditional analysis of mergers in Cournot oligopolies is extended in two ways. First, we show how environmental policy affects the incentives of environment firms to merge. Second, we stress that mergers in the eco-industry impact welfare beyond what is observed in other sectors, due to an extra effect on pollution abatement efforts; this might lead to disagreements between an anti-trust agency seeking to limit market concentration which can be detrimental to consumer surplus and a benevolent regulator who maximizes total welfare.
关键词：Eco-Industry;Environmental Policy;Horizontal Mergers