TRADE LIBERALIZATION AND INTERNATIONAL MERGER IN COURNOT INDUSTRIES: THE CASE OF BARLEY MALTING IN NORTH AMERICA [PDF]
When free trade merges formally distinct non-competitive industries, welfare should increase. Additional incentives for mergers may reduce these gains from free trade. We show the importance of such arguments in an analysis of the malting barley industry
Gray, Richard S., Buschena, David E.
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