By a linear Cournot model, the factors associated with the integration of two firms are discussed in terms of their effects on the private surplus and the social welfare in economies with varying extent of openness. M...By a linear Cournot model, the factors associated with the integration of two firms are discussed in terms of their effects on the private surplus and the social welfare in economies with varying extent of openness. Meanwhile, the trade policy of the host government is taken into account. It is concluded that the more open the economy and the more intense the competition, the less profitable the integration; the most important determinant to the changes of the domestic social welfare is the industry strength of the host country. The host authority can enhance the domestic social welfare in two ways： to adjust the trade policy and to only approve the socially desirable cross-border mergers and acquisitions.展开更多
Relaxed Lasso method is used for variable selection to 15 main economic factors affecting foreign investment. While Relaxed Lasso method, method of least squares and regression are compared, the result further reveals...Relaxed Lasso method is used for variable selection to 15 main economic factors affecting foreign investment. While Relaxed Lasso method, method of least squares and regression are compared, the result further reveals the main problem facing foreign investment at the present stage.展开更多
基金The National Natural Science Foundationof China (No.70372057)
文摘By a linear Cournot model, the factors associated with the integration of two firms are discussed in terms of their effects on the private surplus and the social welfare in economies with varying extent of openness. Meanwhile, the trade policy of the host government is taken into account. It is concluded that the more open the economy and the more intense the competition, the less profitable the integration; the most important determinant to the changes of the domestic social welfare is the industry strength of the host country. The host authority can enhance the domestic social welfare in two ways： to adjust the trade policy and to only approve the socially desirable cross-border mergers and acquisitions.
文摘Relaxed Lasso method is used for variable selection to 15 main economic factors affecting foreign investment. While Relaxed Lasso method, method of least squares and regression are compared, the result further reveals the main problem facing foreign investment at the present stage.
