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논문 리스트

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
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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.

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이상호 경제학과