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2013
An Optimal Incentive Tax Policy on Horizontal Mergers
An Optimal Incentive Tax Policy on Horizontal Mergers
서울대학교 경제연구소.한국금융경제학회.한국노동경제학회.한국경제발전학회
이상호
논문정보
- Publisher
- Seoul Journal of Economics
- Issue Date
- 2013-05-31
- Keywords
- -
- Citation
- -
- Source
- -
- Journal Title
- -
- Volume
- 26
- Number
- 2
- Start Page
- 239
- End Page
- 254
- DOI
- ISSN
- 12250279
Abstract
This paper analyzes an optimal antitrust policy on horizontal mergers under asymmetric information when antitrust agency cannot observe the post-merger private cost of merged firms. By using a discrete mechanism design approach with self-selection, this paper proposes an incentive compatible lump-sum tax scheme to provide an efficient decision on whether the application for merger should be accepted or rejected. Results show that the optimal size of lump-sum tax is not affected by the informational rent of private post-merger cost information of merged firms.
- 전남대학교
- KCI
- Seoul Journal of Economics
저자 정보
| 이름 | 소속 |
|---|---|
| 이상호 | 경제학과 |