Working Paper: CEPR ID: DP3878
Authors: Lus M B Cabral
Abstract: I treat international merger policy as a repeated veto game. I derive optimal equilibria and consider a series of comparative statistics and extensions.
Keywords: merger policy; repeated games
JEL Codes: F00; L40
Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.
| Cause | Effect |
|---|---|
| welfare impacts (I30) | merger approvals (G34) |
| equilibrium self-enforcement (D50) | merger approvals (G34) |
| repeated interactions (C73) | efficient mergers approved (G34) |
| punishment phase (K40) | cooperation in long run (C71) |