Cross-Border Mergers as Instruments of Comparative Advantage

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Merger waves : a model of endogenous mergers (2007, background): “6 Neary (2004) also tried to endogenize the order of mergers in modelling cross-border mergers with two types of firms.”
International Trade in General Oligopolistic Equilibrium (2016, background): “The model also makes it possible to explore how trade liberalization and other shocks can affect market structure itself, for example by changing the incentives for crossborder mergers and acquisitions (see Neary, 2007).”
Cross-Border M&As and Innovative Activity of Acquiring and Target Firms (2016, background): “…quality-enhancing activities, since thesunk costs of these activities can then be applied to a larger production output (Guadalupe et al., 2012).12 Another potentially important motive for M&As is the strengthening of market power (e.g. Kamien and Zang, 1990; Neary, 2007; Horn and Persson, 2001).”
Acquisitions, markups, efficiency, and product quality: Evidence from India (2018, background): “M&As might alternatively be undertaken to eliminate competitors and to increase market power (e.g. Horn and Persson, 2001; Kamien and Zang, 1990; Neary, 2007).”
FDI as an Outcome of the Market for Corporate Control: Theory and Evidence (2008, background): “Neary (2004) also focuses on the market structure implications of M&A but explores the implications of cost asymmetries between acquiring and target firms.”